455110 - Department Stores
In today’s evolving retail landscape, NAICS Code 455110 plays a crucial role in classifying businesses that operate department stores. Whether you’re a small business owner looking to expand or a contractor seeking to understand market segments, knowing what falls under this code helps you navigate opportunities and compliance requirements effectively.
What is NAICS Code 455110?
NAICS Code 455110 corresponds to Department Stores, an industry comprising establishments that sell a wide range of new merchandise. These include apparel, furniture, home furnishings, electronics, and other general goods. Department stores typically feature large retail spaces designed to offer shoppers multiple product lines under one roof, making them a one-stop shop for consumers.
Sector and Industry Overview
- Sector: Retail Trade
- Industry: Department Stores
- Key Activities:
- Retailing of clothing, furniture, electronics, and general merchandise
- Operating large-scale retail outlets with multiple departments
- Running flagship stores often found in busy urban centers or malls
- Managing internet department store sites to support e-commerce
Department stores have evolved to meet consumer needs by diversifying product offerings and enhancing in-store experiences. Additionally, many have incorporated digital platforms to extend their reach through internet department store sites.
Size Standard for NAICS 455110
When assessing eligibility for government contracts or small business programs, the size standard for NAICS code 455110 is $40 million dollars in average annual receipts. Businesses exceeding this size may be classified as large firms, affecting their participation in certain set-aside opportunities.
Examples of Typical Businesses Under NAICS 455110
- Major regional or national large department stores such as Macy’s or Nordstrom
- Flagship retail stores often located in prominent shopping districts
- Multi-department retail outlets combining apparel, home goods, and electronics
- Online platforms categorized as internet department store sites
This range ensures a diverse competitive marketplace consisting of both traditional brick-and-mortar stores and digital retail businesses.
NAICS Code 455110 Details
| Attribute | Description |
|---|---|
| NAICS Code | 455110 |
| Title | Department Stores |
| Sector | Retail Trade |
| Description | Establishments selling a wide range of new merchandise including clothing, furniture, electronics, and more |
| Typical Business Types | Large department stores, flagship retail stores, multi-department retail outlets, internet department store sites |
| Size Standard | $40 million average annual receipts |
FAQs About NAICS Code 455110
What types of products do department stores under NAICS 455110 sell?
Department stores sell a broad spectrum of new merchandise such as clothing, furniture, home furnishings, electronics, cosmetics, and other general goods.
Does NAICS 455110 include online department stores?
Yes. Internet department store sites fall under NAICS code 455110 as they operate department store retail activities via e-commerce.
What is the significance of the $40 million size standard?
The $40 million threshold determines if a business is considered small for government contracting and other SBA-related programs. Companies below this size can qualify for small business benefits.
Can a small boutique be classified under NAICS 455110?
Typically no. This code is reserved for larger retail entities that operate multiple departments and extensive merchandise lines, unlike smaller specialty stores.
How is NAICS 455110 different from other retail trade codes?
This code specifically covers large department stores with multiple product categories under one management, unlike specialty stores or single-line retailers.
By understanding the scope and specifications of NAICS code 455110 – Department Stores, businesses and government contractors can better identify applicable markets, compliance criteria, and growth opportunities within the dynamic retail sector. Whether you operate a flagship store or an online retail platform, aligning your business classification ensures accurate positioning in today's competitive landscape.
