Alex and Ani

Alex and Ani
Industry Jeweller and retailer
Founded 2004
Founder Carolyn Rafaelian
Headquarters Cranston, Rhode Island, United States of America
Key people
 Carolyn Rafaelian (Acting CEO)
Website alexandani.com

Alex and Ani is an American retailer and producer of jewelry located in Cranston, Rhode Island.[1]


History

The firm was founded in 2004 by Carolyn Rafaelian. The name comes from a combination of the first names of Rafaelian's two daughters.[2] The company originally stated that they wanted to produce "bangle bracelets, necklaces, earrings and rings that adorn the body, enlighten the mind, and empower the spirit". [3] The company first manufactured its jewelry in a factory that was founded by Rafaelian's father in 1966[4] and all materials are made in America.[5] The first retail Alex and Ani store opened in Newport in 2009,[4] and in addition to the stand-alone stores, the jewelry was sold through national departments stores .[6] In 2010 Giovanni Feroce joined the company as CEO and drove the company's expansion, increasing the sales total for the year by more than 20 times its previous annual total.[4] In 2015, Harlan Kent became the new president of the company.[7] The company also expanded into Japan.[8] In 2015 the firm launched its first mobile app,[9] which was downloaded 80,000 times in its first three weeks. In addition to serving as a mobile sales platform, DigiDay wrote that, "Alex and Ani’s lifestyle content, like motivational quotes and articles that explore the meanings behind different bracelet charms, takes center stage in the app."[10]


Design

The Independent newspaper stated that a "signature design feature" of the company's products was a "patented sliding mechanism that replaces the traditional clasp, making each bracelet entirely adjustable" making it "one-size-fits-all".[11] They are also "stackable", referring to the ability to attach them in a broad chain up the arm of the wearer, as well as expandable.[12][13] The firm produces bangles, bracelets, necklaces, earrings, and rings.[14] The company first came to national attention in 2004 when they produced a necklace featuring an apple for Gwyneth Paltrow following the birth of her daughter Apple, leading to a large number of orders of similar merchandise.[15][16] The company has described its products as "eco-friendly"; [17]< Much of the material used in the firm's designs is either recycled or from vintage articles.[12]


Financials

In 2011 Alex and Ani appeared in the Inc. 500 List, and number 16 on their retail sector list.[18] Between 2010 and 2012 the company increased its sales from $4.5 million to $80 million, with its labor force increase from just over 20 to more than 600.[4] The company added new marketing components or expanded infrastructure in each quarter that year.[19] It also increased its sales by over 300% between the two respective year's Christmas seasons.[20] In 2012 thefirm opened its first European branded stores.[21] That year JH Partners also acquired a large stake in the firm, adding it to its lifestyle companies portfolio.[22] Towards the end of 2013 Alex and Ani was on pace to sell more than $200 million in merchandise that year.[23]

Partnerships

In 2011 the company partnered with the Newport Folk Festival and Newport Jazz Festival to create speciality charms for each ticket buyer of each festival.[24] In 2013 the company partnered with the New England Patriots and New England Revolution sports teams to provide sports themed merchandise and uniforms, .[17][25] The firm also has partnerships with Major League Baseball and the Boston Celtics.[26] In 2015 thefirm began partnering with Disney Parks, to provide jewelry for their souvenir stores.[27]


Philanthropy

Alex and Ani also creates bangles in conjunction with charities in order to promote their fundraising campaigns;[28] proceeds of the profits go back to the charity.

Advertising

In 2012 the company acquired a majority stake in the advertising agency Mediapeel after becoming the firm's largest client,[21] changing the company name to Seven Swords Media.[4]

References

  1. ↑ Allan Fung (July 19, 2013). "OP-ED: Mayor Allan Fung on The Keys to Cranston's Success". WPRO. Retrieved August 5, 2013.
  2. ↑ "Alex and Ani in stock". The Independent. July 30, 2013. Retrieved August 5, 2013.
  3. ↑ "New Bedford-native named Mass. Small Business Person of Year". South Coast Today. March 23, 2012. Retrieved August 5, 2013.
  4. 1 2 3 4 5 Leigh Buchanan (April 2013). "The Disciplined and the Divine: An Unlikely Partnership". Inc. Magazine. Retrieved August 5, 2013.
  5. ↑ Chandra Johnson Greene (July 17, 2013). "Eco-friendly Alex and Ani Jewelry Store Opens in Westport". Weston-Redding-Easton Patch. Retrieved August 7, 2013.
  6. ↑ "Alex and Ani to open in Miami-Dade: Lincoln Road and the Falls". The Real Deal.
  7. ↑ "Alex and Ani names president". NBC 10. May 18, 2015.
  8. ↑ http://www.vogue.co.jp/special-feature/2015-09/04/alexandani
  9. ↑ http://wwd.com/retail-news/direct-internet-catalogue/alex-ani-digital-ecommerce-10251108/
  10. ↑ https://digiday.com/brands/alex-anis-app-got-75000-downloads-3-weeks/
  11. ↑ "Special fund for first-time buyers". The Independent. July 30, 2013. Retrieved August 5, 2013.
  12. 1 2 Michelle Smith (June 30, 2009). "Interview: Carolyn Rafaelian of Alex and Ani". The Gloss. Retrieved August 5, 2013.
  13. ↑ "Money to burn? Spend it on the Island". Asbury Park Press. July 30, 2013. Retrieved August 5, 2013.
  14. ↑ "Alex and Ani CEO Speaks at Bryant's World Trade Day Kickoff Event". Go Local Prov. June 15, 2011. Retrieved August 5, 2013.
  15. ↑ Donna Freydkin (July 20, 2004). "Sweet sense of style for Apple Martin; Hot stuff". USA Today. Retrieved August 5, 2013.
  16. ↑ Jessica Shaw (August 6, 2004). "Fruit Of The Womb". Entertainment Weekly. Retrieved August 5, 2013.
  17. 1 2 Chris Reidy (July 26, 2013). "Alex and Ani partners with the Patriots". Boston Globe. Retrieved August 5, 2013.
  18. ↑ "Alex and Ani Named One of America's Fastest-Growing Companies". Go Local Prov. August 25, 2011. Retrieved August 5, 2013.
  19. ↑ Bill Briggs (July 10, 2013). "Small but mighty". Internet Retailer. Retrieved August 5, 2013.
  20. ↑ Jordan McKee (July 23, 2013). "Yankee Group: Mobile PoS is the new 'must have' for retailers". Fierce Mobile Content. Retrieved August 5, 2013.
  21. 1 2 "Alex and Ani acquires Mediapeel". South Coast Today. April 20, 2012. Retrieved August 5, 2013.
  22. ↑ Dana Mattioli (October 22, 2012). "Private Equity Firm JH Partners Buys Stake in Jeweler Alex & Ani". Wall Street Journal. Retrieved August 7, 2013.
  23. ↑ Travis Rowley (September 21, 2013). "Travis Rowley: RI Needs More Rich People (Chapter 2)". Go Local Prov. Retrieved October 2, 2013.
  24. ↑ "Alex and Ani Creates Limited Edition Charms for Newport". Go Local Prov. July 22, 2011. Retrieved August 5, 2013.
  25. ↑ Paul Kenyon (July 27, 2013). "Training Camp Coverage". Providence Journal. Retrieved August 5, 2013.
  26. ↑ "Red Sox announce new initiatives for fans during second half of the season". Boston Red Sox. July 18, 2013. Retrieved August 7, 2013.
  27. ↑ http://www.diszine.com/content/new-alex-and-ani-wraps-coming-to-disney-parks-this-fall
  28. ↑ George Austin (July 25, 2013). "A concert with heart Night of music to benefit cardi". South Coast Today. Retrieved August 5, 2013.

Coordinates: 41°45′19.4″N 71°27′31.0″W / 41.755389°N 71.458611°W / 41.755389; -71.458611

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