Retail Trade SIC Code
The retailing process is the final step in the distribution of merchandise; retailers are, therefore, organized to sell merchandise in small quantities to the general public. This sector comprises two main types of retailers: store and nonstore retailers.
1. Store retailers operate fixed point-of-sale locations, located and designed to attract a high volume of walk-in customers. In general, retail stores have extensive displays of merchandise and use mass-media advertising to attract customers. They typically sell merchandise to the general public for personal or household consumption, but some also serve business and institutional clients. These include establishments, such as office supply stores, computer and software stores, building materials dealers, plumbing supply stores, and electrical supply stores. Catalog showrooms, gasoline services stations, automotive dealers, and mobile home dealers are treated as store retailers.
In addition to retailing merchandise, some types of store retailers are also engaged in the provision of after-sales services, such as repair and installation. For example, new automobile dealers, electronic and appliance stores, and musical instrument and supply stores often provide repair services. As a general rule, establishments engaged in retailing merchandise and providing after-sales services are classified in this sector.
The first eleven subsectors of retail trade are store retailers. The establishments are grouped into industries and industry groups typically based on one or more of the following criteria:
(a) The merchandise line or lines carried by the store; for example, specialty stores are distinguished from general-line stores.
(b) The usual trade designation of the establishments. This criterion applies in cases where a store type is well recognized by the industry and the public, but difficult to define strictly in terms of commodity lines carried; for example, pharmacies, hardware stores, and department stores.
(c) Capital requirements in terms of display equipment; for example, food stores have equipment requirements not found in other retail industries.
(d) Human resource requirements in terms of expertise; for example, the staff of an automobile dealer requires knowledge in financing, registering, and licensing issues that are not necessary in other retail industries.
2. Nonstore retailers, like store retailers, are organized to serve the general public, but their retailing methods differ. The establishments of this subsector reach customers and market merchandise with methods, such as the broadcasting of "infomercials, " the broadcasting and publishing of direct-response advertising, the publishing of paper and electronic catalogs, door-to-door solicitation, in-home demonstration, selling from portable stalls (street vendors, except food), and distribution through vending machines. Establishments engaged in the direct sale (nonstore) of products, such as home heating oil dealers and home delivery newspaper routes are included here.
Source: naics-code-lookup.findthedata.org
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You're probably a 'non-store retailer'
2. Nonstore retailers, like store retailers, are organized to serve the general public, but their retailing methods differ. The establishments of this subsector reach customers and market merchandise with methods, such as the broadcasting of "infomercials," the broadcasting and publishing of direct-response advertising, the publishing of paper and electronic catalogs, door-to-door solicitation, in-home demonstration, selling from portable stalls (street vendors, except food), and distribution through vending machines. Establishments engaged in the direct sale (nonstore) of products, such as home heating oil dealers and home delivery newspaper routes are included here
We Have Become a Nation of Hamburger Flippers
At 162,000, the July jobs report fell short of expectations and well shy of whisper numbers for payroll figures above 200,000. In addition, job tallies were revised down for May and June and average hourly earnings fell 0.1% in July, the first decline since October.
According to Alperts analysis, 69% of the jobs created in the second quarter and 57% in the first half of 2013 were in the three lowest-paying sectors of the economy: retail trade, administrative and waste services, and leisure and hospitality. These jobs, which account for 33% of all private sector jobs, pay an average of $15
Unemployment rose in May
The unemployment rate rose from 5.0 to 5.5 percent in May, and nonfarm
payroll employment continued to trend down (-49,000), the Bureau of Labor
Statistics of the U.S. Department of Labor reported today. In May, employ-
ment continued to fall in construction, manufacturing, retail trade, and
temporary help services, while health care continued to add jobs. Average
hourly earnings rose by 5 cents, or 0.3 percent, over the month.
The only sector that saw a rise in employment was Health Care, which means we are getting poorer AND sicker.
Looking for a job? Try sales or retail sectors — ABS CBN News
The wholesale and retail trade sector accounts for 40.5% of the total vacancies reported. Professional, scientific and technical activities total 17.9% of the vacancies followed closely by administrative support and service activities by 14.3%.
Expert explains reasons for price disparity in Nigeria's retail sector — Premium Times
The persistent call for liberalization of the Nigerian economy has been yielding results in the wholesale and retail trade sector.
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IRS: Sole Proprietorship Returns Up 1.8 Percent in 2011 — Accountingweb.com
According to Adrian Dungan, an economist with the Individual Returns Analysis Section of the IRS, all nonfarm sole proprietorship industries experienced increases in profits for 2011 with two exceptions: retail trade sector (down 2.9 percent) and all ..
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