Sullivan to Also Join the Company's Board of
Directors
NASHVILLE, Tenn., Jan. 19,
2024 /PRNewswire/ -- Kirkland's, Inc. (Nasdaq: KIRK)
("Kirkland's Home" or the "Company"), a specialty retailer of home
décor and furnishings, has promoted Amy
Sullivan to Chief Executive Officer ("CEO"), effective
February 4, 2024, and she will also
join the Company's board of directors. She succeeds interim CEO
Ann Joyce, who will remain on the
Company's board of directors. Sullivan, who has been with the
Company for more than a decade, was promoted to President and Chief
Operating Officer in the spring of 2023. As a member of the
executive team, she has helped lead the organization through
significant strategic repositioning initiatives, including
refocusing marketing efforts and aligning product assortments to
drive customer demand. Prior to Kirkland's Home, she held
senior-level positions for Express, Lands' End, Kohl's and
JCPenney.
"Amy is an invaluable leader within our organization, and over
the past nine months she has been instrumental in returning the
Company to a positive trajectory, including improved 2023 holiday
season sales, that we hope to build off of in 2024," said R.
Wilson Orr, Chairman of Kirkland's
Home. "Since transitioning to an executive leadership role, Amy has
been integral to the execution of our repositioning strategy and we
believe, as CEO, she is poised to return Kirkland's Home to
profitable growth over the long-term.
"On behalf of the board of directors, I would also like to
recognize Ann Joyce for leading the
organization through a period of rapid and positive change. She
brought a wealth of experience and insight that proved invaluable
in navigating the Company through challenging times. Her decisive
actions helped set the foundation to revitalize our brand. We look
forward to continuing to have her strategic guidance as part of our
board of directors."
"This is a dynamic time to step into the role of CEO at
Kirkland's Home as we start to see our strategic initiatives pay
off, with almost a full year of valuable insights and data from our
initial repositioning efforts," said Sullivan. "We have a fantastic
team in place and great momentum coming off the 2023 holiday
season. I look forward to leading the Company through this next
chapter and unlocking the long-term growth potential we see for
Kirkland's Home."
About Kirkland's, Inc.
Kirkland's, Inc. is a specialty
retailer of home décor and furnishings in the United States, currently operating 338
stores in 35 states as well as an e-commerce website,
www.kirklands.com, under the Kirkland's Home brand. The Company
provides its customers with an engaging shopping experience
characterized by a curated, affordable selection of home décor
along with inspirational design ideas. This combination of quality
and stylish merchandise, value pricing and a stimulating online and
store experience allows the Company's customers to furnish their
home at a great value. More information can be found at
www.kirklands.com.
Forward-Looking Statements
Except for historical
information contained herein, certain statements in this release,
constitute forward-looking statements that are subject to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995 and are subject to the finalization of the Company's
quarterly financial and accounting procedures. Forward-looking
statements deal with potential future circumstances and
developments and are, accordingly, forward-looking in nature. You
are cautioned that such forward-looking statements, which may be
identified by words such as "anticipate," "believe," "expect,"
"estimate," "intend," "plan," "seek," "may," "could," "strategy,"
and similar expressions, involve known and unknown risks and
uncertainties, many of which are outside of the Company's control,
which may cause the Company's actual results to differ materially
from forecasted results. Those risks and uncertainties include,
among other things, risks associated with the Company's liquidity
including cash flows from operations and the amount of borrowings
under the secured revolving credit facility, the Company's actual
and anticipated progress towards its short-term and long-term
objectives including its brand strategy, the risk that natural
disasters, pandemic outbreaks (such as COVID-19), global political
events, war and terrorism could impact the Company's revenues,
inventory and supply chain, the continuing consumer impact of
inflation and countermeasures, including raising interest rates,
the effectiveness of the Company's marketing campaigns, risks
related to changes in U.S. policy related to imported merchandise,
particularly with regard to the impact of tariffs on goods imported
from China and strategies
undertaken to mitigate such impact, the Company's ability to retain
its senior management team, continued volatility in the price of
the Company's common stock, the competitive environment in the home
décor industry in general and in the Company's specific market
areas, inflation, fluctuations in cost and availability of
inventory, increased transportation costs and potential
interruptions in supply chain, distribution systems and delivery
network, including our e-commerce systems and channels, the ability
to control employment and other operating costs, availability of
suitable retail locations and other growth opportunities,
disruptions in information technology systems including the
potential for security breaches of the Company's information or its
customers' information, seasonal fluctuations in consumer spending,
and economic conditions in general. Those and other risks are more
fully described in the Company's filings with the Securities and
Exchange Commission, including the Company's Annual Report on Form
10-K filed on April 4, 2023 and
subsequent reports. Forward-looking statements included in this
release are made as of the date of this release. Any changes in
assumptions or factors on which such statements are based could
produce materially different results. Except as required by law,
the Company 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.
Contact:
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Kirkland's
Home
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Gateway Group,
Inc.
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Mike Madden
|
Cody Slach and Cody
Cree
|
|
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(615)
872-4800
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KIRK@gateway-grp.com
|
|
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(949)
574-3860
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SOURCE Kirkland's, Inc.