Kirkland's, Inc. announced it has mutually parted ways with President and Chief Operating Officer, Michael Cairnes. Woody Woodward, the Company's Chief Executive Officer, will add the role of President and will oversee operations in addition to his ongoing responsibilities across merchandising and marketing. The company has promoted John Stacy, currently Vice President of Supply Chain, to Senior Vice President of Supply Chain, and Jeff Martin, currently Vice President of Transformation, to Senior Vice President of Omni-Channel Retail. Mr. Stacy will continue to lead initiatives focusing on supply chain and direct sourcing and Mr. Martin will oversee store and e-commerce operations. Both have extensive experience in retail operations, and each has been involved in building Kirkland's current initiatives.

In connection with the executive changes, Kirkland's is continuing to aggressively manage its operating and infrastructure costs. The Company has further reduced expenses at its corporate office and is planning to close 27 stores in early 2020, with the potential for further reductions in the store base later in the year as Kirkland's moves forward with its goals to right size the store base.