Kirkland's Sales Rise 9 Percent in Q4, 4.2 Percent for Fiscal Year
Posted on February 7, 2013 by
NASHVILLE, Tenn.-Fourth-quarter net sales for home specialty retailer Kirkland's totaled $162.6 million, up 9 percent from the fourth quarter of last year.
For the fiscal year as a whole ending on Feb. 2, Kirkland's net sales gained 4.2 percent to $448 million. Same-store sales in the quarter declined 2.6 percent, and for the year, comparable-store sales were down 3 percent.
Kirkland's opened 17 stores and closed two during the fourth quarter. This brought the retailer's total store openings for the year to 42 and its total closings to 28. As of the end of the fiscal year, Kirkland's store count stood at 323.
The company also announced that Robert Alderson, president and CEO, has returned to his duties. Alderson began a medical leave of absence in November. His responsibilities were handled by Mike Madden, senior vice president and chief financial officer, during his leave.