45832 - Luggage and Leather Goods Retailers
When exploring the diverse world of retail businesses, NAICS code 45832 stands out as a key classification for those specializing in leather products and luggage. If you're interested in understanding the business landscape of luggage and leather goods retailers, this blog post offers a comprehensive guide covering everything from definitions to eligibility standards under this NAICS code.
What is NAICS Code 45832? Definition & Overview
NAICS code 45832 refers to establishments primarily engaged in retailing luggage, handbags, wallets, and various other leather goods. This industry encompasses retailers focused on offering consumers personal-use leather products, including travel bags, briefcases, and small accessories. These establishments cater to individuals looking for durable and fashionable leather items designed for everyday use and travel convenience.
Key Highlights:
- Focus on leather and luggage retail
- Products include handbags, wallets, travel bags, and accessories
- Serves consumers in need of personal and travel gear
Industry Sector: Retail Trade
NAICS code 45832 is classified under the Retail Trade sector, which involves selling goods directly to consumers for personal or household consumption. This sector is essential in driving consumer purchases and supporting fashion and travel accessories markets.
Typical Business Activities Include:
- Operating luggage stores offering suitcases, travel bags, and accessories
- Running leather goods shops selling wallets, belts, and small leather items
- Managing handbag retailers providing stylish purses and totes
Size Standards & Eligibility for NAICS Code 45832
Understanding size standards is essential for businesses seeking government contracts or assistance programs categorized under NAICS 45832.
| Criteria | Standard for Luggage and Leather Goods Retailers (NAICS 45832) |
|---|---|
| Sector | Retail Trade |
| NAICS Code | 45832 |
| Maximum Number of Employees | Typically 100 or fewer (varies by government guideline) |
| Annual Revenue Limit | Usually up to $7.5 million annually* |
*Note: Size standards can vary slightly based on updates by the Small Business Administration (SBA). Always refer to the latest SBA size standards database for precise figures.
Examples of Businesses in NAICS Code 45832
Here are some typical businesses that operate under this NAICS code:
- High-end luggage stores specializing in luxury suitcases and travel accessories
- Boutique leather goods shops focusing on handcrafted wallets and belts
- Handbag retail chains offering seasonal collections of purses and totes
- Local stores combining luggage and leather accessories for travelers and daily use
NAICS Code 45832 Details Table
| Detail | Description |
|---|---|
| NAICS Code | 45832 |
| Title | Luggage and Leather Goods Retailers |
| Sector | Retail Trade |
| Industry Description | Retail establishments primarily engaged in selling luggage, handbags, wallets, and other leather goods for personal use |
| Products | Luggage, handbags, wallets, belts, travel accessories |
| Typical Business Types | Luggage stores, Leather goods shops, Handbag retailers |
| Size Standard | Typically up to 100 employees or $7.5 million in annual revenue |
| Primary Customer Base | Individual consumers |
Frequently Asked Questions (FAQ) About NAICS 45832
What products are included under NAICS 45832?
This code covers retail sales of luggage (suitcases, travel bags), handbags, wallets, belts, and other personal leather goods.
Which businesses should use NAICS code 45832?
Businesses primarily engaged in retailing luggage and leather products, such as specialty luggage stores, handbag boutiques, and leather goods shops.
How does NAICS 45832 differ from other retail NAICS codes?
NAICS 45832 is specifically for retailers focusing on luggage and leather personal accessories, whereas other codes may cover broader apparel or general retail.
What are the size standards for businesses classified under NAICS 45832?
Generally, the size standard is 100 employees or less, or annual revenues up to $7.5 million, but confirm via the SBA for current specifics.
Can a business selling leather goods online use this NAICS code?
Yes, as long as the primary business activity is retailing luggage and leather goods, whether through a physical store or online platform.
Conclusion
NAICS code 45832 plays a pivotal role in the retail trade sector by categorizing businesses that provide essential travel and fashion accessories made of leather. Whether you're a retailer seeking to classify your business or a consumer wanting to understand where your favorite leather goods come from, comprehending this NAICS code helps clarify the scope and standards within this niche.
For businesses, understanding these classifications can improve government contracting opportunities and compliance with federal regulations. For consumers, it highlights the specialized retailers dedicated to quality luggage and leather products.
Optimize your business presence and market reach by aligning with NAICS code 45832—Luggage and Leather Goods Retailers—your gateway to a well-defined retail category in today’s competitive market!
