The Kingswood Company, the industry’s leading supplier of private-label jewelry care products, announced that strong growth in 2013 resulted in an average annual growth rate of 26 percent over the last four years. Such growth demonstrates the strength of the company in a continued difficult economic environment. Kingswood opened over 100 new accounts both nationally and internationally during the past year, including customers in new distribution channels such as direct sales and international distribution.
“Ten years ago, our company was almost exclusively focused on retail jewelers,” explained Kristie Nicolosi, CEO and President of The Kingswood Company. “In recent years, we have expanded into new distribution channels including retail pawn, direct sales, manufacturers, as well as international distribution.”
The company has invested in operations and staff changes that have allowed for such expansion. Expanding in-house product assembly capabilities lets Kingswood deliver smaller orders on a more regular basis, rather than shipping bulk orders annually or semi-annually, and reduces minimum shipments from 10,000 to under 1,000. The company has also invested in additional printing presses and higher speed bottling equipment, increasing production roughly 30 percent.
Such flexibility is vital to meeting customer needs. The vast array of options available in terms of jar sizes, jar colors, cap colors, formula colors, polishing cloth sizes and colors, and boxed packaging means that all customers, manufacturers and retailers both large and small, can customize a product line that best meets their brand requirements.
Kingswood also continued its international expansion in 2013, participating in its first ever trade show in Asia. Kingswood now supplies products to customers in North America, Asia, Africa, Europe and Australia.
Headquartered in Columbus, OH since 1956, The Kingswood Company is a member of the American Gem Society, the American Chemical Society and the Private Label Manufacturers Association and is certified by the Women’s Business Enterprise National Council.
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