Cariloha Ranks No. 558 on the 2013 Inc. 500|5000 with Three-Year Sales Growth of 805%.
SALT LAKE CITY – Cariloha, international retail brand specializing in bamboo-based apparel, accessories, bedding, and bath goods, announced its ranking at no. 558 on Inc. magazine’s seventh annual Inc. 500|5000, an exclusive list of the fastest-growing private companies in America.
Cariloha ended up just shy of the top 500 companies listed and received additional recognition at no. 36 in the top 100 retail companies, no. 16 in the top companies in Utah, and no. 9 in the Salt Lake City metro area, overall. The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs.
“Even more exciting growth and expansion are coming for Cariloha, and being on the Inc. 500|5000 list drives our company to continue achieving its overarching goals,” said Jefferson G. Pedersen, Founder and CEO of Cariloha. “Our Cariloha Bamboo products are attracting new and repeat customers every day, and our new bamboo additions in men’s and women’s fitness wear, and our bedding and bath lines will offer even more depth and value for our customers in this coming year.”
Fuhu topped this year’s list at 42,148% growth. “The Inc. 500|5000 was harder to get into this year than ever in its history. The median company on the list increased sales more than 140% since the start of 2010, while the average honoree grew a mind-boggling 468%. Those are results most companies could only dream of in the economy of the past three years,” said Eric Schurenberg, Inc. magazine editor in chief. Cariloha joins Intuit, Zappos, Under Armour, Microsoft, Jamba Juice, Pandora, Patagonia, Oracle, and other notable powerhouses like Alex and Ani, LivingSocial, OtterBox, and other prominent brands featured on this year’s list.
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 www.inc.com/inc5000/list
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 12 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.