Kirkland's, Inc. Announces Management Changes; Plans to Close 27 Stores in Early 2020
January 17, 2020 at 02:47 am IST
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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.
Kirklandâs, Inc. is a specialty retailer of home decor and furnishings in the United States. The Company operates about 330 stores in 35 states as well as an e-commerce Website, www.kirklands.com, under the Kirklandâs Home brand. The Companyâs merchandise categories include holiday decor, furniture, textiles, decorative accessories, art, home fragrance, ornamental wall decor, mirrors, housewares, lighting, floral, outdoor and gift. All the Companyâs stores operate under the names Kirklandâs, Kirklandâs Home, Kirklandâs Home Outlet, Kirklandâs Outlet, and The Kirkland Collection. The Companyâs storeâs locations include Texas, Florida, Georgia, North Carolina, Tennessee, California, Alabama, Illinois, Indiana, Pennsylvania, Louisiana, Ohio, Michigan, Missouri, South Carolina, Virginia, Kentucky, Arizona, Oklahoma, Mississippi, New Jersey, Arkansas, Wisconsin, North Dakota, West Virginia, Delaware, Minnesota, Nevada, Nebraska, Maryland, and Colorado among others.