Major Group SIC 5948 - Luggage And Leather Goods Stores

SIC 5948 - Luggage And Leather Goods Stores

SIC 59 - Miscellaneous Retail
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
- SIC 594 - Miscellaneous Shopping Goods Stores
  SIC 591 - Drug Stores And Proprietary Stores SIC 592 - Liquor Stores SIC 593 - Used Merchandise Stores SIC 594 - Miscellaneous Shopping Goods Stores SIC 596 - Nonstore Retailers SIC 598 - Fuel Dealers SIC 599 - Retail Stores, Not Elsewhere Classified
  - SIC 5948 - Luggage And Leather Goods Stores
    SIC 5941 - Sporting Goods Stores And Bicycle Shops SIC 5942 - Book Stores SIC 5943 - Stationery Stores SIC 5944 - Jewelry Stores SIC 5945 - Hobby, Toy, And Game Shops SIC 5946 - Camera And Photographic Supply Stores SIC 5947 - Gift, Novelty, And Souvenir Shops SIC 5948 - Luggage And Leather Goods Stores SIC 5949 - Sewing, Needlework, And Piece Goods Stores

Establishments primarily engaged in the retail sale of luggage, trunks, and leather goods.

Industry trends:

The Luggage and Leather Goods Stores industry (NAICS 5948) has been witnessing several qualitative trends. One key trend is the increasing consumer preference for sustainable and ethically produced goods. Shoppers are gravitating towards products made of eco-friendly materials, such as vegan leather and recycled fabrics. Brands focusing on sustainability are gaining a competitive edge.

Another notable trend is the integration of technology in both products and the shopping experience. Smart luggage with built-in GPS tracking, USB charging ports, and app-based controls are becoming popular. Additionally, retailers are leveraging augmented reality (AR) and virtual reality (VR) for immersive shopping experiences, enabling customers to visualize products in a real-world context from the comfort of their homes.

With the resurgence in travel post-pandemic, there has been a rise in demand for travel accessories, which is expected to continue growing. Lightweight, durable products that offer multifunctional uses are highly sought after. Furthermore, customization and personalization of products are increasingly popular, with consumers willing to pay a premium for personalized luggage and leather goods.

In the near future, the industry is forecasted to continue its digital transformation. E-commerce will likely become even more crucial, with omnichannel strategies ensuring a seamless shopping experience across digital and physical platforms. The ongoing emphasis on sustainability will drive innovation in materials and production methods, as brands strive to meet evolving consumer expectations. Geopolitical factors and supply chain disruptions could impact material availability and costs, requiring businesses to be agile and adaptable in their operations.

This industry is comprised of:

Leather goods, including goods made to individual order-retail

Luggage and leather goods stores-retail

Trunks, luggage-retail

Explore related industries:

SIC 3161 - Luggage SIC 5139 - Footwear SIC 5661 - Shoe Stores

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