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C1216 - Second-hand, thrift store
Industry code: C1216
Premium rate: 0.65
Classification Facts
Class: C - Commodity - Wholesale - Retail
Rate Code: C12 - Light Commodity Marketing
Subcode: 16
Description
Operational Details
Charitable thrift stores and second-hand stores may
purchase their inventory, receive their inventory by donation or offer
consignment services. Operations may include picking up merchandise from estate
sales or donation locations, then sorting, pricing and placing the merchandise for
sale in a storefront and/or advertised on an online platform. Inventory can
include such things as; clothing, toys, home décor, bedding, small household
appliances and furniture. A consignment shop is one where the items are sold on
behalf of the original owner. Retail sales of antiques would be included within
this classification.
SIC Codes
000000138 - Second-hand, thrift store
Previous Codes
NAICS 2007
Code: 45331 - Used Merchandise Stores