Major Group SIC 5995 - Optical Goods Stores

SIC 5995 - Optical 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 599 - Retail Stores, Not Elsewhere Classified
  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 5995 - Optical Goods Stores
    SIC 5992 - Florists SIC 5993 - Tobacco Stores And Stands SIC 5994 - News Dealers And Newsstands SIC 5995 - Optical Goods Stores SIC 5999 - Miscellaneous Retail Stores, Not Elsewhere Classified

Establishments primarily engaged in the retail sale of eyeglasses and contact lenses to prescription for individuals. Offices of oculists, ophthalmologists, and optometrists are classified in Services, Major Group 80, even if a majority of their revenues comes from retail sales. Establishments primarily engaged in the retail sale of binoculars, telescopes, and opera glasses are classified in Industry 5999.

Industry trends:

The optical goods stores industry (NAICS 5995) has been experiencing notable qualitative trends influenced by technological advancements, consumer behavior, and market dynamics. One significant trend is the increasing adoption of teleoptometry and online eye exams, which cater to consumer demand for convenience and accessibility. This has been particularly accelerated by the COVID-19 pandemic, as social distancing measures pushed more consumers towards online services.

Another trend is the rise of smart eyewear, with companies developing glasses that integrate technology for augmented reality, fitness tracking, and more. This is coupled with a growing interest in customization, where consumers seek tailor-made eyewear solutions, including personalized lenses and frames.

Sustainability is becoming a prominent focus, with many optical goods stores pushing for eco-friendly materials and practices, thus appealing to the environmentally conscious demographic. Additionally, there is an increasing emphasis on the overall consumer experience, with stores offering comprehensive in-store services, such as eye exams, custom fittings, and fast turnaround times for prescriptions.

Looking ahead, the industry is forecasted to continue evolving with more integration of AI and machine learning for personalized customer experiences and efficient supply chain management. E-commerce is expected to grow further, with more stores adopting omnichannel strategies to seamlessly blend online and offline shopping experiences. Sustainability practices will likely become standard, with greater consumer awareness and regulatory pressures.

This industry is comprised of:

Optical goods-retail

Opticians-retail

Explore related industries:

SIC 3231 - Glass Products, Made Of Purchased Glass SIC 3851 - Ophthalmic Goods SIC 5048 - Ophthalmic Goods

Buy the detailed report

This report includes the ability to segment your Industry by:

Region
Employees
Net Sales

Company Age
Total Assets
Ownership Type

Download sample reports

With iCFO You Get

What Is iCFO?

A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.

Sound Business Analysis

Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.

Your Business’ Health In Minutes

It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.