September 03, 2013 // Franchising.com // APPLE VALLEY, Minn. - Inc. magazine recently ranked Mainstream Boutique NO. 2607 on its 32nd annual Inc. 500|5000, an exclusive ranking of the nation's fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs. With their first appearance on the Inc. 5000 list, Mainstream Boutique joins LivingSocial, Edible Arrangements, CDW and Lifelock, among other prominent brands featured this year.
Proving to be a powerful force in today’s $50 billion clothing store industry, Mainstream Boutique has seen substantial national growth, doubling in size while in today’s tough economy. Alongside its expanding geographical footprint, Mainstream Boutique has experienced robust store sales ending 2012 with nearly $7 million in system-wide sales, and on pace for over $10 million for 2013.
“We couldn’t be more thrilled and honored to join the ranks of some of America’s most respected companies,” said Marie DeNicola, founder and CEO of Mainstream Boutique. “To be featured on the Inc. list is truly a demonstration of the strength of our brand. It could not have been reached without the support and commitment of our successful franchisees who are all dedicated to the common goal of making women look and feel their best.”
In a stagnant economic environment, median growth rate of 2013 Inc. 500|5000 companies is an impressive 142 percent. The companies on this year’s list report having created over 520,000 jobs in the past three years, and aggregate revenue among the honorees reached $241 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.
"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,” says Inc. magazine Editor Eric Schurenberg.
The 2013 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2009 to 2012. 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.
Founded in 1991 by Marie DeNicola as a direct sales company, Mainstream Boutique is a women’s retail clothing and accessories franchise that offers a variety of affordable, fashion-forward pieces for women of all ages. The franchise has 28 successful boutiques operating in 12 states with seven locations currently under development. The Minnesota based company, which began franchising in 1998, is set to double in size by 2014 with expansion plans in Texas, Illinois, Colorado and Wisconsin. For more information, please contact Corey DeNicola at firstname.lastname@example.org .
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today. For more information, visit www.inc.com.
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