1000Bulbs.com Honored by Dallas 100™ Award
Internet lighting retailer 1000Bulbs.com has been honored by the Dallas 100™ Awards for the eighth consecutive year, placing 28th amongst 100 of the fastest-growing privately held companies in the Dallas area for 2014. Since placing 88th in 2007, this is the highest 1000Bulbs.com has been ranked on the prestigious awards list yet. 1000Bulbs.com is one of the few online retailers to receive an award this year.
“The continual recognition by Dallas 100™ attests to 1000Bulbs’ progress and growth over the years,” says 1000Bulbs.com CEO Kim Pedersen. “We are proud to see this reflected through our achievements and special awards.”
Co-founded in 1990 by the SMU Cox School of Business and the Caruth Institute for Entrepreneurship, the Dallas 100™ Awards are in their twenty-fourth year of recognizing the growth of independent companies and the entrepreneurs behind them. The award winners are chosen based on increased growth in sales, giving weight to percentage of growth and absolute dollar growth in the three years preceding the event. To qualify for the Dallas 100™, a company must meet criteria based on a number of factors such as legal status, location, sales history, credit report, and character. The guidelines for this year’s awards are as follows:
- Are independent, privately held corporations, proprietorships or partnerships (not subsidiaries or divisions of a parent company) as of May 1, 2014. Must have at least 3 years history and not be a non-profit organization
- Be headquartered in the Dallas Metroplex area
- Have sales of more than $500,000, but less than $75 million in fiscal year 2011
- Have a three-year sales history which reflects growth during the three-year sales period
- Have a credit report and character satisfactory to the Dallas 100™, determined at the sole discretion of the Dallas 100™
Founded in 1995 as Service Lighting and Electrical Supplies by CEO Kim Pedersen, 1000Bulbs.com now has one of the largest selections of lighting products in the country, offering over 20,000 products on its website. The company has also expanded to include home décor lighting, designer furniture, antique model replicas, automotive lighting, and even hydroponic supplies. Over the last three years 1000Bulbs.com has increased its annual sales by more than 75 percent, continuing to establish itself as the leading lighting retailer in the US. 1000Bulbs.com employs over 200 workers and occupies more than 220,000 square feet of office and warehouse space in Garland, Texas.
About 1000Bulbs.com: 1000Bulbs offers everything from simple, household light bulbs to cutting-edge specialty lighting systems. Nationally recognized for growth, innovation, and customer satisfaction, 1000Bulbs.com is an influential force in the lighting industry. Follow @1000Bulbs on Twitter for the latest company announcements.