45821 - Shoe Retailers
When it comes to understanding the retail landscape, NAICS code 45821 plays a vital role. This code specifically identifies businesses engaged in retailing footwear directly to consumers. Whether you're an entrepreneur looking to enter the footwear market, a researcher analyzing retail trends, or a contractor seeking eligibility for government programs, comprehending NAICS 45821 is essential.
What is NAICS Code 45821?
NAICS code 45821 refers to Shoe Retailersâestablishments primarily engaged in the retail sale of new footwear, including shoes, boots, and sandals. This classification covers a wide array of businesses serving men, women, and children with diverse footwear needs.
Sector: Retail Trade
NAICS 45821 falls under the Retail Trade sector, which encompasses businesses involved in selling goods directly to consumers. Within this sector, shoe retailers stand out by specializing in footwear, providing customers with access to a variety of brands and styles.
Typical Business Activities Under NAICS 45821
Businesses classified under this code typically engage in:
- Operating shoe stores or outlets
- Running specialized footwear boutiques
- Selling athletic or casual shoes through retail locations
- Offering a broad inventory that includes menâs, womenâs, and childrenâs shoes, boots, and sandals
- Providing customer service related to shoe fitting and style advice
Size Standards for NAICS 45821 Eligibility
The U.S. Small Business Administration (SBA) sets size standards to determine eligibility for small business programs. For NAICS 45821 - Shoe Retailers, the size standard is:
- Maximum of $38.5 million in average annual receipts
Businesses under this threshold are considered small and can qualify for government contracting opportunities and assistance programs.
Examples of Businesses Under NAICS Code 45821
Here are some typical examples of businesses classified under this code:
- Branded shoe stores like Payless ShoeSource or Famous Footwear
- Specialty footwear boutiques focusing on luxury or designer shoes
- Athletic shoe retailers such as Foot Locker and Finish Line
- Family-owned shoe stores catering to local communities
NAICS Code 45821 Details at a Glance
| Feature | Description |
|---|---|
| NAICS Code | 45821 |
| Title | Shoe Retailers |
| Sector | Retail Trade |
| Industry Description | Retail sale of new footwear directly to consumers, including shoes, boots, and sandals for all age groups |
| Typical Business Activities | Shoe stores, footwear boutiques, athletic shoe retailers |
| Size Standard | $38.5 million in average annual receipts |
| Scope | Menâs, womenâs, and childrenâs footwear |
Frequently Asked Questions (FAQs) About NAICS 45821
What types of footwear are included under NAICS code 45821?
This code includes sales of shoes, boots, and sandals for men, women, and children.
Can a business with online sales be classified under NAICS 45821?
Yes, online shoe retailers may also fall under this code if their primary business activity is retailing new footwear directly to consumers.
What differentiates NAICS 45821 from other retail trade codes?
NAICS 45821 specifically targets establishments whose primary activity is selling new footwear rather than general apparel or other retail goods.
How is the size standard determined for Shoe Retailers?
The SBA uses average annual receipts, with the cap set at $38.5 million to define small businesses in this category.
Is NAICS 45821 useful for government contracting purposes?
Absolutely. Knowing your NAICS code is crucial when bidding on government contracts or applying for small business assistance programs.
Whether you're starting a new shoe retail business or expanding an existing one, understanding NAICS code 45821 is key to positioning your company correctly in the market and leveraging relevant opportunities. From athletic footwear to stylish sandals, businesses classified under this code play a significant role in the retail shoe industry.
Keywords: NAICS code 45821, Shoe Retailers, footwear retail, shoe stores, athletic shoe retailers, retail trade sector, small business size standards, shoe boutiques
