Alex and Ani will open up 12 new stores across the United States this year, it announced.
It currently has 45 locations in 20 states.
The first new store opened in Aspen, Colo., this week.
The company will close its current stores in New Haven, Conn., and East Greenwich, R.I., in the first quarter of the year, but it plans to shift those stores to nearby locations.
It is also opening a new 100,000-square-foot distribution center in East Greenwich, R.I., and doubling its current corporate office in Cranston, R.I.
Alex and Ani logged 5,200 percent growth over the last three years, according to Inc., with revenue totaling $230 million in 2013. According to Reuters, it was on track for $350 million in sales in 2014.