
Kirkland’s continues to benefit in-store and online from changing homebound consumer lifestyles and purchasing trends in the third quarter.
Kirkland’s continues to benefit in-store and online from changing homebound consumer lifestyles and purchasing trends in the third quarter.
Kirkland’s is launching a new loyalty program at the end of this month, reconfiguring its K Club with exclusive member deals and insider surprises throughout the year.
Kirkland’s turned a profit on an adjusted basis in the second quarter and sees good things ahead as the retailer increased its comparable sales and e-commerce business.
For the first quarter, Kirkland’s posted a net loss on lower sales but e-commerce sales rose as it adapted to the coronavirus pandemic-impacted retail environment.
Kirkland’s has provided an update on store openings, e-commerce sales and its liquidity in light of most states in the company’s store base beginning to lift their stay-at-home orders.
Kirkland’s is taking additional measures in response to the impact on its business from the coronavirus, expanding its e-commerce initiatives while reducing costs.
A range of retailers across channels are responding to the coronavirus outbreak with moves to temporarily close their stores, reduce store hours and other consumer and employee oriented initiatives.
Despite e-commerce gains, Kirkland’s posted lower fourth quarter adjusted profits and a loss for the year as comparable sales decreased. The company also said it plans to close 28 underperforming stores in the first quarter.
Kirkland’s reported improved sales momentum for its 13-week fourth quarter and 52-week fiscal year ended February 1.
Kirkland’s has mutually parted ways with president and chief operating officer, Michael Cairnes. Woody Woodward, the company’s CEO, will add the role of president and will oversee operations in addition to his ongoing responsibilities across merchandising and marketing.
Kirkland’s has amended and extended its $75 million senior secured credit facility with Bank of America.
Weak store traffic challenged Kirkland’s in the third quarter as the retailer reported a decline in net sales and comparable store sales, and a larger net loss.
Kirkland’s has had a rough summer, with comps down double digits and net loss up.
Kirkland’s has named Nicole Strain executive vice president and chief financial officer. She has served as the retailer’s interim CFO since May 2017.
Kirkland’s faced a challenging first quarter with comps and net sales declining. The home décor retailer said it is taking steps to improve its second-half performance.
Kirkland’s reported soft sales during its fourth quarter, as the home décor retailer readied key strategic initiatives aimed at accelerating its growth in 2019.
Kirkland’s net sales slipped in the fourth quarter, as the retailer pointed to weakness in its brick-and-mortar sales while it worked to improve its omnichannel capabilities.
As it welcomed a new CEO and battled higher freight and store occupancy costs, Kirkland’s posted a narrower net loss as its comps gained in the third quarter.
Kirkland’s has appointed Steve Woodward as chief executive officer. Woodward, who is currently president and chief merchant of Crate & Barrel, will join Kirkland’s and the board of directors effective October 22, 2018.
Kirkland’s has reopened its Brentwood, TN, location at 1624 Galleria Blvd. after a month-long closure for remodeling. The new, reimagined store design has been planned to provide shoppers with design and décor inspiration, the company said.