Solid Holiday Season Boosts Kirkland’s Q4, Annual Sales

 

A strong fourth quarter buoyed by a solid holiday season served to provide home goods retailer Kirkland’s with positive momentum as it finished its fiscal year.

According to the company, net sales for the 13-week period ended January 30, were $142.8 million compared with $133.6 million for the 13-week period ended January 31, 2009. Comparable store sales for the fourth quarter of fiscal 2009 increased 10.2% compared with a 5.3% increase in the prior-year quarter.

Net sales for the 52-week period ended January 30, were $406.2 million compared with $391.3 million for the 52-week period ended January 31, 2009. Comparable store sales for fiscal 2009 increased 8.4% compared with a 3.6% increase in fiscal 2008. The company opened 18 stores and closed 38 during fiscal 2009, ending the year with 279 stores.

“The fourth quarter is the most important of the year for us, and our customers responded favorably to our seasonal and core merchandise assortments,” said Robert Alderson, Kirkland’s president/CEO. “Sales were above plan both during and after the holiday selling season. As we had expected and planned, the holiday sales environment was less promotional than last year.”