Micro market growth brings both challenges and opportunities for Troy, MI-based 365 Retail Markets. According to a profile published by Crain’s Detroit Business, the company has grown exponentially since its 2009 debut, from just $42,000 in revenue the first year to $23 million last year. Joe Hessling, 365 Retail Markets CEO, predicts continued growth with $30 million in sales this year. The company, which has 40 percent of the micro market industry share according to the source, sells about 200 kiosks per month in the U.S., Canada and the United Kingdom, with deliveries being set up for Germany and Italy as well.
The company’s challenges include adding employees and dealing with outgrowing its space.
