National Jeweler Network

Market Developments

Armenta, Alex & Ani among fastest-growing brands


New York--Two jewelry brands and a pair of independent retailers made this year’s Inc. Magazine list of America’s fastest-growing private companies.

Armenta ranks No. 1262 on Inc.’s 2013 500|5000 list, which ranks independent, for-profit companies based on percentage revenue growth over the past three years, from 2009 to 2012.

The brand also ranked No. 73 in the Top 100 Consumer Products and Services Companies category of the list and at No. 25 in the Houston Metro Area category.

“I have seen the company grow over the last 10 years from two employees to almost 70. (My team) not only represents to spirit of the American dream by helping our company become an industry leader, but also through the success of the company, we have the amazing opportunity to continue to provide jobs that allow us to advance the lives and careers of our people,” said CEO Emily Armenta.

Rhode Island-based fashion jewelry brand Alex & Ani came in at No. 94 with a three-year growth percentage of 3,569 percent, with revenue skyrocketing from $2.2 million in 2009 to $80 million in 2012. The company ranked No. 4 in the Top 100 Retail Companies category and No. 2 in the Top 100 Rhode Island Companies category.

A couple of retailers also made the list. Worthington Jewelers in Worthington, Ohio ranked No. 2364 with a three-year growth percentage of 153 percent, from $1.2 million to $3 million. Buchroeders Fine Jewelers in Columbia, Mo. ranked No. 3881 with a three-year growth percentage of 72 percent.

Ranking No. 1 on the list overall was Fuhu, which created the child-friendly Android tablet Nabi Jr. and is known for its online educational services. Other notable companies on the 500|5000 include Living Social, Edible Arrangements and fashion website Refinery29.

“Not all the companies in the Inc. 500|5000 are in glamorous industries, but in their fields they are as famous as household name companies simply by virtue of being great at what they do. They are the hidden champions of job growth and innovation, the real muscle of the American economy,” said Inc. Editor Eric Schurenberg.

This is the seventh year of the 500|5000 list. The median growth rate of the companies on the 2013 list was 142 percent, with a total of 520,000 jobs created in the past three years and an aggregate revenue of $241 billion.

To qualify for this year’s 500|5000 list, companies must have been founded and generating revenue by March 31, 2009 and must be U.S. based, privately held, for profit and independent as of Dec. 31, 2012. The minimum revenue required was $100,000 for 2009 and $2 million for 2012.

The top 50 companies included in the list will be featured in Inc.’s September issue.

The complete 500|5000 list, which includes company profiles and is searchable by industry, can be seen on here.