Southern Jewelry News
  • Featured
    • All
    • Featured
    • Featured Retailers
    • Retailer Roundtable
    • Sponsored Content
    • Supplier Spotlight
    Ohio jeweler builds bar to observe relocation anniversary
    Pitards add Goldstein’s to a well-seasoned mix
    Golden Trove
    Golden Trove
    To Infinity & Beyond
  • Latest News
    • All
    • COVID-19
    • Furry Friends
    • Industry Awards
    • Industry Events
    • NRF
    • On The Move
    • Other News
    • Tradeshow News
    • Video
    • What's New
    Atlanta Jewelry Show hosting GIA Gem Identification Lab Class
    5-day class March 7 – 11, 2023
    Kelly Waters introduces all sterling men’s collection
    Kelly Waters introduces all sterling men’s collection
    Suzy Levian reveals the story behind the secret diamond
    Consumers plan to spend nearly $26B for Valentine’s Day
  • Podcast
  • Columnists
    Image of Chuck Koehler
    The Retailer’s Perspective: How quickly (and slowly) things can change
    The Story Behind the Stone: Out of the Blue
    Is the customer always right?
    Successful Custom: The One Thing You Need To Do!
    Ten things you can do to raise the level of your customer service
    Is the customer always right?
    Successful Custom: Sizing up your ring mandrel
    Jewelry marketing lessons for growth in 2023
    Jeweler’s Insurance: The wrong time to ask the right questions!
    From Bland to Bold: How humor can transform your jewelry advertising
  • Classifieds
  • Subscriptions
    • Newsletter Signup
    • Print Subscription
No Result
View All Result
Southern Jewelry News
  • Featured
    • All
    • Featured
    • Featured Retailers
    • Retailer Roundtable
    • Sponsored Content
    • Supplier Spotlight
    Ohio jeweler builds bar to observe relocation anniversary
    Pitards add Goldstein’s to a well-seasoned mix
    Golden Trove
    Golden Trove
    To Infinity & Beyond
  • Latest News
    • All
    • COVID-19
    • Furry Friends
    • Industry Awards
    • Industry Events
    • NRF
    • On The Move
    • Other News
    • Tradeshow News
    • Video
    • What's New
    Atlanta Jewelry Show hosting GIA Gem Identification Lab Class
    5-day class March 7 – 11, 2023
    Kelly Waters introduces all sterling men’s collection
    Kelly Waters introduces all sterling men’s collection
    Suzy Levian reveals the story behind the secret diamond
    Consumers plan to spend nearly $26B for Valentine’s Day
  • Podcast
  • Columnists
    Image of Chuck Koehler
    The Retailer’s Perspective: How quickly (and slowly) things can change
    The Story Behind the Stone: Out of the Blue
    Is the customer always right?
    Successful Custom: The One Thing You Need To Do!
    Ten things you can do to raise the level of your customer service
    Is the customer always right?
    Successful Custom: Sizing up your ring mandrel
    Jewelry marketing lessons for growth in 2023
    Jeweler’s Insurance: The wrong time to ask the right questions!
    From Bland to Bold: How humor can transform your jewelry advertising
  • Classifieds
  • Subscriptions
    • Newsletter Signup
    • Print Subscription
No Result
View All Result
Southern Jewelry News
No Result
View All Result
Home Latest News On The Move

The Kingswood Co. makes Inc. list of 5000 Fastest Growing Private Companies in America

Moves to larger facility

December 13, 2021
Share on FacebookShare on Twitter
Reading Time: 4 minutes

The Kingswood Company, a leading manufacturer of high-quality jewelry cleaner and polishing cloths, announced their inclusion on the Inc. list of the 5000 Fastest Growing Private Companies in America and their move to a new manufacturing and office space in Columbus, Ohio.

This is The Kingswood Company’s second year on Inc. magazine’s prestigious ranking of the nation’s fastest growing private companies. The company ranked 3657, with three-year revenue growth of 92 percent. This growth comes as the result of the company’s focus on new product development, expanded design capabilities, the expansion of distribution channels, and the launch of two new brands: Clean + Care®, sold through independent jewelry retailers, and Gem Glow®, sold exclusively at Walmart.

Clean Care

“Another significant factor in our growth has been our focus on elevating our product category in the industry,” explained Kristie Nicolosi, president & CEO of The Kingswood Company. “We helped retailers recognize the sales power the jewelry cleaning category could have for them by designing and manufacturing products that matched the luxury and sophistication of the jewelry industry. What was once viewed as a cheap giveaway is now a category for retailers that bolsters their core offerings.”

Inclusion on the Inc. 5000 list is even more striking considering the company’s loss of nearly an entire quarter of revenue in 2020 due to the COVID-19 pandemic on retailers. Kingswood maintained stability during the COVID shutdown and returned to growth by the end of 2020. The company remains on a continued growth trajectory in 2021.

“To manage the fallout from COVID we focused on education related to care and cleaning of jewelry,” said Nicolosi. “We were able to share vital information on jewelry care and cleaning to a world intently focused on topics of cleaning and sanitizing.”

While the company was down 22 percent in 2020 over 2019, it is projected to be up 50 percent over 2020 and close to 20 percent over 2019 in 2021. Over the last five years, the company will have seen an approximately 15 percent compound annual growth rate.

To accommodate this significant growth trajectory, Kingswood relocated to a new building for manufacturing and office space in October 2021, expanding its square footage from 18,000 to 44,000 square feet. The move supports the company’s growth projections, expands production capacity, and allows Kingswood to hold more inventory, which is vital to both the company’s and its customers’ needs in this era of supply chain challenges.

The additional space supports Kingswood’s growth plans by allowing for space to warehouse product for large customers and to expand offerings by providing drop ship service for customers. Additionally, the ability to carry more inventory and space for more machinery lays the groundwork for lower lead times in the future. The new space also doubles the square footage allocated for product development, photography and marketing, all of which is done in-house.

“As a company, we pride ourselves on planning and preparation,” explained Nicolosi. “While no one could have foreseen the supply chain issues we are experiencing, our plan to increase capacity and warehousing with the purchase of a new space has allowed us to react to and rethink inventory and planning needed to weather supply chain challenges.”

Learn more about The Kingswood Company at www.thekingswoodcompany.com.

Related Posts

AGTA & Rio Grande announce partnership

AGTA & Rio Grande announce partnership

January 30, 2023

Quality Gold, Inc. announces acquisition of HERCO Jewelry Company

January 23, 2023

ASHI announces winner of 2022 Holiday Sweepstakes

January 23, 2023

IJO appoints new board members

January 23, 2023

Latest News

Industry Events

Atlanta Jewelry Show hosting GIA Gem Identification Lab Class
5-day class March 7 – 11, 2023

February 1, 2023
What's New

Kelly Waters introduces all sterling men’s collection

February 1, 2023
Other News

Suzy Levian reveals the story behind the secret diamond

February 1, 2023

Other News

Consumers plan to spend nearly $26B for Valentine’s Day

SJO/NCJA planning “Rock Solid” event February 25-27

Furry Friends on the Job: Say hello to Teddy from Matthew’s Jewelers

Ohio jeweler builds bar to observe relocation anniversary

Pitards add Goldstein’s to a well-seasoned mix

Golden Trove

Southern Jewelry News

© 2022 Southern Jewelry News.

Additional Information

  • About
  • 2023 Trade Shows
  • Media Kit
  • Contact
  • Sitemap
  • Newsletter Signup

Get Social with Us

No Result
View All Result
  • Featured Articles
    • Featured
    • Featured Retailers
    • Retailer Roundtable
    • Supplier Spotlight
    • Sponsored Content
  • Latest News
    • What’s New
    • Industry Events
    • Tradeshow News
    • On The Move
    • Other News
    • Furry Friends
  • Podcast
  • Columnists
  • Classifieds
  • Subscriptions
    • Newsletter Signup
    • Print Subscription

© 2022 Southern Jewelry News.