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Cariloha, international retail brand specializing in bamboo-based apparel, accessories, bedding, and bath goods, today announced its ranking at no. 538 on Inc. magazine’s sixth annual Inc. 500|5000, an exclusive list of the fastest-growing private companies in America.
This is the first year Cariloha submitted itself for the list, ending up just shy of the top 500 companies listed, and receiving additional recognition as no. 26 in the retail category ranking, as well as no. 8 in the Salt Lake City area, overall. The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs. Unified Payments tops this year’s list. Cariloha joins Yelp, yogurt maker Chobani, Giftcards.com, KIND and famed hatmaker Tilly’s, among other prominent brands featured on this year’s list.
“It’s an exciting time of growth and expansion for Cariloha, and our being on the Inc. 500|5000 list is positive validation of our company’s efforts over the past several years,” said Jefferson G. Pedersen, President and CEO of Cariloha. “Where some businesses continued to stagnate post-2008, we surged forward, growing by 605% in total new sales from the end of 2008 through 2011. Our rapid growth and successful branding has positioned Cariloha for accelerated expansion into America’s top mainstream markets, capitalizing on our internal management team, growth opportunities, and marketing initiatives.”
In a stagnant economic environment, median growth rate of 2012 Inc. 500|5000 companies remains an impressive 97 percent. The companies on this year’s list report having created over 400,000 jobs in the past three years, and aggregate revenue among the honorees reached $299 billion.
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/5000.
“Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is,” says Inc. Editor Eric Schurenberg.