45511 - Department Stores
When it comes to understanding the retail landscape, NAICS code 45511 plays a crucial role by classifying Department Stores—one of the most versatile and dynamic retail establishments. Whether you're a business owner, supplier, or government contractor seeking opportunities, knowing the ins and outs of NAICS 45511 can position you for success in this competitive sector.
What is NAICS Code 45511?
NAICS code 45511 specifically pertains to Department Stores. These retail businesses are characterized by their wide variety of merchandise organized into distinct departments, offering consumers a convenient one-stop shopping experience.
Definition
Department Stores are retail establishments that provide diverse product categories such as:
- Clothing and apparel
- Home furnishings and housewares
- Electronics and appliances
- Cosmetics and beauty products
Under one roof, these stores arrange merchandise in separate departments, facilitating easy shopping and attractive displays that cater to broad consumer needs.
Sector: Retail Trade
NAICS 45511 falls within the Retail Trade sector, focusing on businesses engaged in selling merchandise directly to consumers through physical store locations.
Typical Business Types and Activities
Businesses classified under this NAICS code typically engage in activities such as:
- Operating clothing and apparel departments offering men’s, women’s, and children’s wear.
- Managing home furnishings, housewares, kitchen appliances, and home décor.
- Supplying cosmetics, beauty products, and personal care departments.
- Providing seasonal merchandise and promotional sales events.
This multi-department focus allows department stores to remain relevant and competitive by diversifying product assortments.
Size Standards for Eligibility
For government contracting and reporting purposes, the size standard for businesses under NAICS code 45511 is typically defined by the Small Business Administration (SBA) as:
- Annual receipts up to $38.5 million
This threshold helps determine eligibility for small business programs, certifications, and set-aside contracts in the government marketplace.
Examples of Businesses Under NAICS Code 45511
Several well-known companies fall within the Department Stores category, including:
- Macy’s, Inc.
- Nordstrom, Inc.
- Dillard’s, Inc.
- Saks Fifth Avenue
- Regional department stores and specialized apparel retailers
These businesses exemplify the diversity and scale that department stores can reach under NAICS 45511.
What types of products do department stores typically sell?
Department stores offer a broad range of products including clothing, home goods, electronics, cosmetics, and sometimes seasonal items—all organized into separate departments.
Is an online-only retailer classified under NAICS 45511?
No. NAICS 45511 specifically refers to physical department store retail establishments. Online-only retailers are classified differently.
How can small businesses qualify under NAICS 45511?
Businesses must have annual receipts below $38.5 million to be considered small under this code and qualify for SBA small business programs.
Are all large retail chains considered department stores?
Not necessarily. Only those with a variety of merchandise arranged in distinct departments qualify under NAICS 45511. Specialty stores or discount stores fall under different NAICS codes.
Why is understanding NAICS codes important?
NAICS codes help businesses identify market opportunities, comply with regulations, and streamline government contracting processes.
Why Understanding NAICS 45511 Matters
Whether you're looking to partner with department stores, supply products to their multiple departments, or pursue government contracts, knowing the details of NAICS code 45511 can unlock new avenues for growth. Department stores continue to be a vital segment of the retail sector, bridging traditional shopping experiences with evolving consumer demands.
Leverage this knowledge to enhance your business strategy and stay competitive in the retail trade arena!
