Cariloha Ranks No. 1139 on the 2014 Inc. 500|5000 with Three-Year Sales Growth of 387%
Cariloha, international retail brand specializing in bamboo-based apparel, accessories, bedding, and bath goods, announced its ranking at no. 1139 on Inc. magazine’s eighth annual Inc. 500|5000, an exclusive list of the fastest-growing private companies in America.
Cariloha received additional recognition at no. 17 in the Salt Lake City metro area overall and has added 188 jobs over the past three years. The list represents the most comprehensive look at the most important segment of the economy — America’s independent entrepreneurs.
“At Cariloha, we offer soft, cool, clean and green products. It’s exactly what customers are craving today and in the years to come. They don’t just want a product, they want to make a difference in the world. Cariloha is doing just that, and being on the Inc. 500|5000 list drives us to continue expanding our bamboo product line and our reach across the globe,” said Jefferson G. Pedersen, Founder and CEO of Cariloha. “We’re changing the world one Cariloha Bamboo product at a time. Bamboo is the most sustainable resource on the planet, and all our products are made of viscose from bamboo. It’s a comfy way to save the world.”
“For 33 years, Inc. has welcomed the fastest-growing private companies in America into a very exclusive club. The average company on the list grew a mind-boggling 516 percent. Those are results most businesses could only dream of,” said Eric Schurenberg, Inc. magazine President and Editor in Chief. “As an Inc. 5000 honoree, Cariloha now shares pedigree with Intuit, Zappos, Under Armour, Microsoft, Jamba Juice, Timberland, Cliff Bar, Pandora, Patagonia, Oracle, and other notable alumni. In addition to Cariloha, the 2014 list added such powerhouses as GoPro, Bridger, Fuhu, Tough Mudder, Bowlmor, and Lending Club. You are in good company – which is exactly where you belong.”
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at http://www.inc.com/inc5000/index.html
Established in 2007, Cariloha is the only multi-store retailer in the United States to provide an entire store experience that’s completely merchandised with products made of bamboo. The product line features an exclusive collection of apparel, accessories, home décor, bedding and bath goods and more all made from bamboo. Cariloha’s soft, breezy bamboo goods were first seen out of three, full stores in Ocho Rios, Jamaica; Cozumel, Mexico; and St. Thomas, USVI. Since the first three stores in 2008, Cariloha has already opened stores in 13 countries and growing. Cariloha has quickly become one of the fastest-growing merchants promoted on board Carnival, Celebrity, Disney, Princess, Royal Caribbean and Norwegian Cruise Lines. Today, thanks to an ever-growing, rich supply of bamboo, Cariloha continues to offer an exclusive collection of apparel, accessories, home décor, bed and bath sets and more all enjoying the strength, soft touch, and green ‘footprint’ of this renewable resource.
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The 2013 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2008 to 2011. To qualify, companies must have been founded and generating revenue by March 31, 2009. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2012. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2009 is $100,000; the minimum for 2012 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at www.inc.com/500.