4595 - Used Merchandise Retailers
Understanding government classification systems like NAICS is crucial for businesses navigating the retail trade sector. One important category is NAICS code 4595, which covers Used Merchandise Retailers. Whether you’re starting a thrift store, running a consignment shop, or managing a pawnshop, this code is vital for compliance, contract opportunities, and industry classification.
What is NAICS Code 4595?
NAICS code 4595 specifically designates establishments primarily engaged in the retail sale of used goods. This includes a wide range of merchandise such as:
- Furniture
- Clothing
- Electronics
- Household appliances
- Other secondhand items
Businesses under this code operate through various models including thrift stores, consignment shops, and pawnshops, providing an essential service in promoting reuse and sustainable retail.
Sector Overview: Retail Trade
NAICS 4595 falls within the Retail Trade sector, which includes businesses focused on selling goods directly to consumers. This sector is a dynamic part of the economy, and used merchandise retailers represent a growing niche that contributes significantly to environmentally-friendly shopping and cost-effective purchasing options.
Typical Activities Under NAICS 4595
- Operating thrift stores selling donated or previously owned goods
- Running consignment shops where items are sold on behalf of the owners
- Managing pawnshops that provide secured loans with used merchandise as collateral
- Reselling used electronics, apparel, and furniture
Size Standards for NAICS Code 4595
For government contracting and eligibility under SBA size standards, Used Merchandise Retailers typically must meet the following criteria to be considered a small business:
- Standard: Maximum of $41.5 million in average annual receipts (may vary, verify current SBA guidelines)
Meeting size standards allows businesses to access federal contracting opportunities reserved for small businesses, including set-asides and specialized assistance programs.
Examples of Businesses Under NAICS 4595
- Goodwill Industries thrift stores
- Local consignment boutiques specializing in apparel or furniture
- Neighborhood pawnshops offering jewelry and electronics loans
- Nonprofit resale shops accepting community donations
NAICS Code 4595 - Used Merchandise Retailers: Code Details
| Attribute | Details |
|---|---|
| NAICS Code | 4595 |
| Title | Used Merchandise Retailers |
| Description | Establishments retailing used goods, including furniture, clothing, electronics, and other secondhand items. Operations may include thrift stores, consignment shops, pawnshops. |
| Sector | Retail Trade |
| Typical Business Types | Thrift stores, Consignment shops, Pawnshops |
| Size Standard | Up to $41.5 million in average annual receipts (subject to SBA updates) |
| Primary Activities | Retailing used merchandise through various sales models |
Frequently Asked Questions (FAQs)
What kinds of items do Used Merchandise Retailers sell?
They sell a variety of secondhand goods such as furniture, clothing, electronics, jewelry, appliances, and sometimes collectibles or specialty items.
Can a pawnshop be classified under NAICS 4595?
Yes, pawnshops fall under NAICS 4595 because they primarily deal with the retail sale of used goods as part of their business operations.
Why is understanding NAICS codes important for a used merchandise retailer?
Knowing your NAICS code helps with government contracting eligibility, tax classification, market research, and compliance with industry regulations.
What are the size standards for Used Merchandise Retailers?
Currently, small business size standards allow for average annual receipts up to $41.5 million, but businesses should check the SBA website for the most updated thresholds.
How can small used merchandise retailers benefit from this NAICS classification?
By identifying with NAICS 4595, small retailers can qualify for small business programs, funding opportunities, and targeted marketing efforts within the retail trade sector.
Conclusion
If you operate a thrift store, consignment shop, or pawnshop, understanding NAICS code 4595 – Used Merchandise Retailers is essential. This classification not only helps with proper business identification but also opens pathways to government contracts and growth opportunities within the retail trade sector. Be sure to verify size standards and define your business activities clearly to maximize your benefits under this NAICS code.
Keywords: NAICS code 4595, Used Merchandise Retailers, thrift stores, consignment shops, pawnshops, retail trade, used goods, secondhand merchandise, small business size standards, government contracting, sustainable retail.
