The exact Standard Industrial Classification (SIC) code for a grocery store is 5411.
Understanding SIC Codes
The Standard Industrial Classification (SIC) system is a four-digit numerical code used by government agencies to classify business establishments by industry. Developed in the United States, these codes help in collecting, analyzing, and publishing statistical data related to the U.S. business economy. While largely superseded by the North American Industry Classification System (NAICS) for statistical purposes, SIC codes are still widely used for various administrative, regulatory, and marketing purposes.
- Purpose: SIC codes provide a uniform system for categorizing businesses, making it easier to compare economic data across different sectors.
- Application: Businesses often use SIC codes for:
- Targeted marketing and sales efforts
- Industry research and analysis
- Government contracting and reporting
- Compliance with specific regulations
For more general information on SIC codes, you can refer to resources like the OSHA SIC Code Manual.
SIC Code for Grocery Stores
Specifically, the SIC code 5411 identifies businesses primarily engaged in the retail sale of a general line of food products. This typically includes establishments where customers select their own goods and pay for them at a checkout counter. These stores often offer a wide variety of groceries, including fresh produce, meats, dairy products, baked goods, and other staple food items intended for home preparation and consumption.
Here's a breakdown of the specific code:
| SIC Code | Industry Description |
|---|---|
| 5411 | Grocery Stores |
Examples and Practical Insights
Businesses categorized under SIC 5411 include, but are not limited to:
- Supermarkets
- Food stores
- Convenience stores (that primarily sell groceries)
- Delicatessens (primarily selling food for home consumption)
This classification helps various entities, from market researchers to financial institutions, understand and analyze the grocery retail sector. For instance, a bank might use this code to identify potential clients in the food retail industry, or a government agency might track employment trends within this specific sector.
