Article Ranks No. 1 on the 2018 Growth 500
13 Sep, 2018, 09:00 ET
Online furniture retailer tops list of Canada's Fastest-Growing Companies with five-year revenue growth of 56,581%
VANCOUVER, Sept. 13, 2018 /CNW/ - Today Article, an online furniture and home decor brand, ranks No. 1 on Canadian Business' Growth 500. The 30th edition of the annual list ranks Canada's Fastest-Growing Companies by five-year revenue growth. Article topped the 2018 Growth 500 list with 56,581% revenue growth since 2012.
"The companies on the 2018 Growth 500 are truly remarkable. Demonstrating foresight, innovation and smart management, their stories serve as a primer for how to build a successful entrepreneurial business today," says Deborah Aarts, Growth 500 program manager. "As we celebrate 30 years of the Canada's Fastest-Growing Companies program, it's encouraging to see that entrepreneurship is healthier than ever in this country."
"Article is honoured to be on the Growth 500 ranking," says Article CEO, Aamir Baig. "My co-founders and I started Article with the intention of making an impact in people's lives. This achievement reinforces the team's dedication to improve the furniture shopping experience and build a lasting retail brand."
Article removes the inefficiencies in the traditional furniture retail model in order to offer high quality products at significantly lower prices. The company, which employs more than 230 across North America, has been profitable since 2015 without a single showroom. This year, the furniture retailer expanded its combined warehouse capacity to more than 900,000 square feet to accommodate its growth. Over 200,000 orders have been shipped to the U.S. and Canada to date.
Article's No. 1 Growth 500 placement comes on the heels of other entrepreneurship award wins including Startup Canada's 2018 High-Growth Entrepreneurship Award for the B.C. region and Ernst and Young's 2017 Entrepreneur of the Year award in the Emerging Technology category.
Article is an original modern furniture brand re-engineering the shopping experience to deliver remarkable value. Founded by four friends and engineers, Article uses proprietary technology to remove inefficiencies in the traditional retail model to make the customer experience simple and easy. Since launching in 2013, the company has delivered in excess of 200,000 orders to customers across the U.S. and Canada. For more information, visit Article.com.
About the Growth 500
For 30 years, the Growth 500 has been Canada's most respectable and influential ranking of entrepreneurial achievement. Ranking Canada's Fastest-Growing Companies by five-year revenue growth, the Growth 500—formerly known as the PROFIT 500—profiles the country's most successful growing businesses. The Growth 500 is produced by Canadian Business. Winners are profiled in a special Growth 500 print issue of Canadian Business (packaged with the October issue of Maclean's magazine) and online at Growth500.ca and CanadianBusiness.com. For more information on the ranking, visit Growth500.ca.
About Canadian Business
Founded in 1928, Canadian Business is the longest-serving and most-trusted business publication in the country. It is the country's premier media brand for executives and senior business leaders. It fuels the success of Canada's business elite with a focus on the things that matter most: leadership, innovation, business strategy and management tactics. Learn more at CanadianBusiness.com.
For further information: Media contact: Reena Gacad, Communications Manager, [email protected], 604-756-2053 x523
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