Inc. Magazine Names Lovesac in Best-Led Companies List

November 14, 2021  by Laurie Northington in Business Strategy, Industry   

Inc.’s list is 12-point measure of management excellence across the middle market — a select, data-driven list of the very strongest U.S. firms with revenue of $50 million to $2 billion. This novel program is the first Inc. recognition list to honor both public and private companies.

The final list recognizes 250 companies that are agile enough to maneuver but also big enough to have a broad impact. These companies employ 35 million people, about one of four U.S. workers. All 250 companies have a successful track record with leadership teams that spur solid performance, create value, penetrate markets, engage with customers, and more. 

"We are delighted to have earned a place on Inc's Best-Led Companies," said Shawn Nelson, CEO of Lovesac. "It's a testament to the committed and capable team we have at Lovesac, and the success of our efforts to make Lovesac an amazing place to work. Our leadership team is tirelessly building on traditions and enhancing every program to enrich our already compelling culture. In the end, it is all the great people at Lovesac who have made it a great place to be."

The news comes after record sales in fiscal 2021 and a strong year-to-date of noteworthy milestones in fiscal 2022 for Lovesac, who recently announced the launch of Sactionals StealthTech Sound + Charge, the first-of-its-kind innovation featuring immersive surround sound by Harman Kardon and hidden wireless charging capabilities. Lovesac also began rolling out a Mobile Concierge service in several markets in early October, a fully equipped mobile showroom that brings a personalized and curated shopping experience to your home. Mobile Concierge will play an important role as the company begins to add new programs supporting the Circle to Consumer operating philosophy, which is focused on creating long-term relationships with customers through long-term focused products and programs.

To be considered for the list, each company had to fill out an application answering questions about its performance, executive team, and leadership. Applicants were then analyzed via an algorithm that identified the very best companies according to their leadership teams' superlative accomplishments in four key areas: performance and value creation; market penetration and customer engagement; talent; and leadership team.

"This inaugural list of companies represents the remarkable midsized companies, both public and private, often founder led, that are at the vanguard of reinventing American business," says Scott Omelianuk, editor-in-chief of Inc. magazine. "With their leadership, we believe all of these businesses will benefit from an exciting, competitive future full of possibilities."