Major Group SIC 56 - Apparel And Accessory Stores

SIC 56 - Apparel And Accessory Stores

SIC 56 - Apparel And Accessory Stores
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs

This major group includes retail stores primarily engaged in selling new clothing, shoes, hats, underwear, and related articles for personal wear and adornment. Furriers and custom tailors carrying stocks of materials are included.

Industry trends:

The apparel and accessory retail sector, categorized under SIC 56, is experiencing several qualitative trends driven by shifting consumer behaviors, technological advancements, and sustainability concerns. One of the most significant trends is the increased emphasis on sustainability and ethical fashion. Consumers are more conscious about the environmental and social impacts of their purchases, prompting retailers to adopt more transparent supply chains, use sustainable materials, and promote circular fashion initiatives.

In addition to sustainability, the digital transformation of apparel stores is accelerating. Retailers are increasingly adopting omnichannel strategies to provide a seamless shopping experience across online and offline platforms. The integration of AI and machine learning in curating personalized shopping experiences is another key trend, allowing for better customer engagement and tailored marketing strategies.

Moreover, the role of social media and influencers in shaping consumer preferences continues to grow. Retailers are leveraging platforms like Instagram and TikTok to engage with younger demographics, often collaborating with influencers for authentic marketing campaigns.

Looking ahead, the sector is forecasted to see a continued blend of traditional and innovative retail strategies. Hybrid retail models, offering both in-store experiences and extensive online operations, are expected to become more prevalent. The demand for quick and convenient shopping experiences will likely drive innovations in logistics, such as same-day delivery and improved inventory management systems. As the industry adapts to these trends, companies that prioritize customer experience, sustainability, and technological integration are poised to succeed in the evolving marketplace.

This industry is comprised of:

SIC 561 - Men's And Boys' Clothing And Accessory Stores

SIC 562 - Women's Clothing Stores

SIC 563 - Women's Accessory And Specialty Stores

SIC 564 - Children's And Infants' Wear Stores

SIC 565 - Family Clothing Stores

SIC 566 - Shoe Stores

SIC 569 - Miscellaneous Apparel And Accessory Stores

Explore related industries:

SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 53 - General Merchandise Stores

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