365 Retail Markets ranked No. 1,094 on the exclusive list achieving 354% revenue growth from 2012-2015. August 31, 2015: Troy, MI – Inc. magazine has ranked 365 Retail Markets, the global leader in MicroMarket technology - offering a best-in-class POS platform for the vending, foodservice and hospitality industry, No. 1,094 on its 35th annual Inc. 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. Companies such as Yelp, Pandora, Timberland, Dell, Domino’s Pizza, LinkedIn, Zillow, and many other well-known names gained early exposure as members of the Inc. 5000.
“The past 12 months have been a whirlwind of activity for the entire 365 team, including myself. Exposure from national news coverage, television, radio, and now recognition for the second year in a row by Inc. tops off our year of accomplishments,” says 365 Retail Markets CEO, Joe Hessling. “It is clear that self-service technology will progress as a rapid-growth sector, and 365 will continue leading our industry with the best products, best team, and best customers.”
The 2016 Inc. 5000, unveiled online at Inc.com and with the top 500 companies featured in the September issue of Inc. (available on newsstands August 23rd) is the most competitive crop in the list’s history. Since 2012, 365 Retail Markets has expanded their product and service offerings, achieved a 354% increase in revenue, and has added 80+ new jobs.
"The Inc. 5000 list stands out where it really counts,” says Inc. President and Editor-In-Chief Eric Schurenberg. “It honors real achievement by a founder or a team of them. No one makes the Inc. 5000 without building something great – usually from scratch. That’s one of the hardest things to do in business, as every company founder knows. But without it, free enterprise fails.”
“As good as it feels to tell yourself and others in the company that we are doing great, a third party validation of company performance from Inc. is something to really be proud of.” said Hessling.
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/inc5000.
More about Inc. and the Inc. 500|5000
The 2016 Inc. 5000 is ranked according to percentage revenue growth when comparing 2012 to 2015. To qualify, companies must have been founded and generating revenue by March 31, 2012. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2015. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2012 is $100,000; the minimum for 2015 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 http://www.inc.com/inc5000.
About Inc. Media
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. Winner of the National Magazine Award for General Excellence in both 2014 and 2012. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 15,000,000 today. For more information, visit www.inc.com.
About 365 Retail Markets
365 Retail Markets, a rapidly growing, self-checkout technology company with offices in Metro Detroit, Santa Clara, and Provo, offers the best-in-class point of sale platform for use in the workplace. Its proprietary, 365 MicroMarket, is a turnkey, unmanned market that allows customers to increase sales, improve the customer experience, and increase profits while decreasing operating costs. 365 Retail Markets has been pioneering innovation in the food service, hospitality, and vending industries since 2008, and continues to revolutionize the market with superior technology and ultimate flexibility in customization and branding. 365 has won many awards for their innovation and growth, including recently being named to the Inc. 5000 list of the fastest-growing private companies in the U.S.
For more information about 365 Retail Markets, visit www.365retailmarkets.com. You can also join 365 Retail Markets on Facebook, Twitter, YouTube and Linkedin.
Commits to provide preferred contractual terms to partners, suppliers and customers who honor a similar Climate Pledge.
Troy, MI - December 1, 2015 - Today, 365 Retail Markets announced that it has joined the American Business Act on Climate Pledge, joining more than 140 companies from across the American economy that are demonstrating their support on climate action.
“We are proud to take the Climate pledge and as good global citizens we are committed to continuing to improve our energy efficiency and sustainability through innovation and new technology.” said Joe Hessling, CEO, 365 Retail Markets. “We plan to use this as a rally call and encourage our partners and customers across the globe to follow our lead.”
We put forth our pledges as follows:
At 365 Retail Markets, we are committed to environmentally friendly business practices for a more sustainable future. As part of our 2015 initiatives, we redesigned our facilities using energy efficient technologies and reducing energy consumption while accommodating for a growing workforce.
As part of our continued efforts, we pledge to:
Improve energy efficiency across all our offices and facilities by 20% by 2025.
Commit to purchasing 25% renewable energy for the operation of our offices, warehouses and other facilities by 2025.
Design and develop future products, services and technologies with improved energy efficiency and lower carbon emissions.
Commit to provide preferred contractual terms to partners, suppliers and customers who honor a similar Climate Pledge.
Develop long-term business plans, budgets and facilities improvements aligned with our Climate Pledge and our commitment for energy efficiency.
About 365 Retail Markets 365 Retail Markets, an expanding, self-checkout technology company based in Troy, Michigan, offers the best-in-class platform for vending, foodservice and hospitality. Its proprietary, 365 MicroMarket, is a turnkey, unmanned market that allows customers to increase sales, improve the customer experience and increase profits while decreasing operating costs. 365 Retail Markets has been pioneering innovation in the vending industry for over five years and continues to revolutionize the market with superior technology and ultimate flexibility in customization and branding.
365 Retail Markets has experienced rapid growth over the years and was most recently listed on the Inc. 5000 list of the Fastest Growing Companies in the US.
365 Retail Markets wouldn't be the company we are today without all of the people who come in each day to ensure we consistently deliver top quality products and services.
Each month, we take the time to recognize our team members that best exemplified our core values; innovation, collaboration, accountability, service and happiness (iCASH). One teammate is chosen by their peers for each core value and then are awarded with the corresponding mug and most importantly, their own reserved parking spot for the month.
June iCASH winners include;
Mary Ellen (service)
Happiness leads to success and success will lead to Happiness. iCASH is an easy way to articulate the core values necessary for successful individual performance and responsible teamwork participation.
Old School Ninjas
In addition to our iCASH honorees we also honor all of our team members celebrating anniversaries each month. After 1 year of service our team members are given the "Old School Ninja" award and then receive ribbons for each additional year of service after that. This month, we had 3 team members earning Old School Ninja status and 2 other veterans earning their advanced ribbons including;
365 was featured in an August issue of metromode, written By Jon Zemke.
"Most companies like to brag about their double-digit revenue growth. Some can even talk about triple-digits; 365 Retail Markets wants to tell you about its quadruple-digit revenue increase.
The Troy-based tech company has grown 1,500 percent in the last three years. In that time it has expanded its staff to 50 people after hiring 15 in the last year, and has become a multi-million-dollar firm."
Bachtelle and Associates, a national consulting firm focused on driving sales in the foodservice industry, has released their 2013 MicroMarket Channel Census - an annual report on the growth and performance of MicroMarkets. The data was based on results provided by major MicroMarket suppliers and represents year-end 2012 & 2013 sales, as well as projections for 2014.
Year-end 2012 kiosk install base equaled 2,724
2013 kiosk installations equaled 2,950
2013 kiosk removals equaled 248
Year-end 2013 install base equaled 5,426
2013 net kiosk installation growth equaled 2,702, or 99.2 percent
Multiple kiosk micro markets was 243 (4.7 percent)
365 was recently featured in The Oakland Press with an article on Joe Hessling, Founder & CEO, and how 365 evolved from a company out of a garage into the industry-leader for MicroMarket technology. Read below for the full article:
Basically, Joe Hessling wants to make your break room a fun place to be with high tech vending machines loaded with high quality and great tasting snacks, sandwiches and other food items. He was born into the business as both his grandfather and father worked in the food business. Hessling joined his dad in his food-distributing network at the age of 16. Now at 43 he’s the CEO of Troy-based 365 Retail Markets.
“Following high school I went directly into it but got out in 1999 and started a restaurant which turned into a food management business,” Hessling said. “That’s where I realized the need for the type of thing we do now. It’s been a long road.”
365 Retail Markets is excited to announce another successful round of funding led by Ann Arbor-based Plymouth Ventures.
Troy, Michigan, February 11, 2014: 365 Retail Markets, a vending and foodservice technology company, has completed a Series A funding round. This multi-million dollar financing round was led by Plymouth Ventures (Fund II).
As a result of this round, 365 Retail Markets will be able increase their capacity for delivering their award-winning MicroMarket technology, further product development and begin international expansion of their product line. Since its founding, 365 Retail Markets has averaged over 300% annual growth due in part to their strategic partnership with Plymouth.
TROY, MI -- 365 Retail Markets reports that it is partnering with LightSpeed Automation (Suwanee, GA) in a limited beta test of a new interface between 365's SmartHQ software and LightSpeed's FastTrack warehouse automation system. The latter is widely used in the full-line vending industry.