JACKSON, Tenn., Feb. 5 /PRNewswire-FirstCall/ -- Kirkland's, Inc. (Nasdaq:
KIRK) today announced sales for the 13-week period ended January 31, 2009.
Net sales for the 13-week period ended January 31, 2009, were $133.6
million compared with $138.3 million for the 13-week period ended February 2,
2008. Comparable store sales for the fourth quarter of fiscal 2008 increased
5.3% compared with a 12.6% comparable store sales decrease in the prior-year
quarter. Comparable store sales in mall stores increased 8.2% for the fourth
quarter, and comparable store sales in off-mall stores increased 4.0%. The
Company closed 22 stores during the quarter.
Net sales for the 52-week period ended January 31, 2009, were $391.3
million compared with $396.7 million for the 52-week period ended February 2,
2008. Comparable store sales for fiscal 2008 increased 3.6% compared with a
13.3% decrease in the prior year. Comparable store sales in mall stores
increased 6.9%, and comparable store sales in off-mall stores increased 2.1%.
The Company opened 3 stores and closed 39 stores during fiscal 2008, ending
the year with 299 stores.
Kirkland's, Inc. was founded in 1966 and is a specialty retailer of home
decor in the United States. Although originally focused in the Southeast, the
Company has grown beyond that region and currently operates 299 stores in 34
states. The Company's stores present a broad selection of distinctive
merchandise, including framed art, mirrors, candles, lamps, picture frames,
accent rugs, garden accessories and artificial floral products. The Company's
stores also offer an extensive assortment of gifts, as well as seasonal
merchandise. More information can be found at http://www.kirklands.com.
Except for historical information contained herein, the statements in this
release are forward-looking and made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. Forward-looking
statements involve known and unknown risks and uncertainties, which may cause
Kirkland's actual results to differ materially from forecasted results. Those
risks and uncertainties include, among other things, the impact of the current
global economic slowdown on the retail industry in general and on purchases of
home decor in particular, the competitive environment in the home decor
industry in general and in Kirkland's specific market areas, inflation,
product availability and growth opportunities, seasonal fluctuations, and
economic conditions in general. Those and other risks are more fully
described in Kirkland's filings with the Securities and Exchange Commission,
including the Company's Annual Report on Form 10-K filed on May 1, 2008.
Kirkland's disclaims any obligation to update any such factors or to publicly
announce results of any revisions to any of the forward-looking statements
contained herein to reflect future events or developments.
SOURCE Kirkland's, Inc.
