Aug. 20 /PRNewswire/ -- Inc. magazine has ranked Loeffler Randall No. 145 on its annual list of the 500 fastest growing private companies in the U.S., the Inc. 500. Loeffler Randall also ranked No. 11 in both the Consumer Products & Services sector and The Top 100 Companies in the New York-Northern New Jersey-Long Island, NY-NJ-PA area. Loeffler Randall is the only fashion company listed in the 2009 Inc. 500. Loeffler Randall's sales growth increased 1220.7% in the 3 year time period examined by Inc.
The list represents the most comprehensive look at the most important segment of the economy -- America's independent-minded entrepreneurs. Companies such as Microsoft, Under Armour and American Apparel, among other elite companies gained early exposure as members of the Inc. 500.
"If you want to know which companies are going to change the world, look at the Inc. 500," said Inc. editor Jane Berentson. "These are the most dynamic, fast-growth companies in the nation, the ones finding innovative solutions to problems, creating smart systems, and inventing products we soon discover we can't live without. The Inc. 500 list isInc. magazine's tribute to American business ingenuity and ambition."
Loeffler Randall was born out of designer Jessie Randall's quest to find the shoes that she wanted to wear but could not find - shoes that possessed an understated elegance, were well made and undeniably feminine. With this distinct point of view, Loeffler Randall launched in 2004. Loeffler Randall's mix of refined sophistication and downtown cool filled a niche in the shoe market and the brand was embraced both critically and commercially. In 2007, Loeffler Randall launched its successful ready to wear collection.
"Being in the Inc. 500 is a tremendous milestone for our company. From the beginning, we have set high goals for our lean, creative, young company. Our focus has always been on great design, smart business strategy and financial results," said Brian Murphy, owner and Chief Financial Officer.
The company is owned and operated by three partners: Jessie Randall, Brian Murphy, and Amanda Thomas Alexander. Loeffler Randall is sold in over 200 retail doors worldwide including Barney's NY, Bergdorf Goodman, Neiman Marcus, and Harvey Nichols. The collection is sold in 13 countries. In 2007, Jessie was honored to win the CFDA Swarovski Award for Accessory Design. That holiday season, Jessie designed a limited time only Loeffler Randall capsule collection for Target.
On August 11, 2009, Loeffler Randall announced the launch of its branded e-commerce platform,www.loefflerrandall.com. This new redesigned website features an online shopping store of its namesake shoes and ready-to-wear, including exclusive products, that focuses on individualized customer service.
Methodology
The 2009 Inc. 500 measures revenue growth from 2005 through 2008. To qualify, companies must have been founded and generating revenue by the first week of 2005, and therefore able to show four full calendar years of sales. Additionally, they had to be U.S.-based, privately held, for profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2008. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2005 is $200,000; the minimum for 2008 is $2 million.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today's innovative company builders. With a total paid circulation of 712,961, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.
For further information: contact Melissa Skoog, 917-862-8339/212-226-8787, melissa@loefflerrandall.com.
