NASHVILLE, Tenn., April 4,
2023 /PRNewswire/ -- Kirkland's, Inc. (Nasdaq: KIRK)
("Kirkland's Home" or the "Company"), a specialty retailer of home
décor and furnishings, has announced that President and Chief
Executive Officer (CEO) Steve "Woody" Woodward will be retiring,
effective May 31, 2023. The Company's
board of directors is in the process of evaluating its options for
a permanent successor.
Ann Joyce, who currently serves
as a board member for Kirkland's Home, will be stepping into the
role of Interim CEO until a successor is named. Joyce brings an
extensive background in the retail industry, having served in
various executive and senior-level positions for notable companies
such as Chico's FAS, Aeropostale and Ralph
Lauren.
Kirkland's Home also announced that Amy
Sullivan, the Company's Senior Vice President and Chief
Merchandising and Stores Officer, has been promoted to the role of
President and Chief Operating Officer. Sullivan has served in
various senior level merchandising positions with Kirkland's Home
for more than a decade, with a proven track record enhancing the
quality and design of the Company's merchandise offerings. In
recent years, her leadership role expanded to include global
sourcing, stores and omni-channel operations. Prior to her tenure
at Kirkland's Home, she held senior-level positions for Express,
Lands' End, Kohl's and JCPenney.
"On behalf of our board, I would like to thank Woody for his
tremendous service and dedication to Kirkland's Home over the
years," said R. Wilson Orr, Chairman
of Kirkland's Home. "As we begin to navigate this transition, I'm
pleased we have an experienced retail executive in Ann to lead our
organization. Ann brings a wealth of experience in retail
operations that has proven to be of significant value at the board
level. We also congratulate Amy on her well-deserved promotion and
enhanced leadership role. We look forward to both of their further
contributions in these new roles as we focus on reinvigorating our
customer base and returning to profitability."
Commenting on his retirement, Woodward stated: "It has been a
pleasure serving Kirkland's Home, and I'm thankful for the
resiliency shown across our entire organization as we've navigated
the unprecedented macroeconomic challenges of these last few years.
Despite these challenges, I'm proud to say we made significant
strides improving the quality and design of our merchandise,
refreshing the look and feel of our stores, enhancing our
omni-channel experience and optimizing our distribution footprint.
I firmly believe that Ann, Amy, and our entire leadership team are
well equipped to position the Company for long-term success."
Woodward and CFO Mike Madden will
be hosting a conference call to discuss the Company's fourth
quarter and fiscal year 2022 results today at 9:00 a.m. Eastern time. For details to listen to
the conference call, please visit the investor relations page on
the Company's website at www.kirklands.com.
About Kirkland's, Inc.
Kirkland's, Inc. is a specialty retailer of home décor and
furnishings in the United States,
currently operating 344 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 an engaging shopping
experience characterized by a curated, affordable selection of home
furnishings 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
This press release contains forward-looking statements that
are subject to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. 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, which may cause
the Company's actual results to differ materially from those stated
in or implied by the forward-looking-statements. All
forward-looking-statements should be evaluated in the context of,
and are qualified in their entirety by, those risks, uncertainties
and other factors that 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 March 25, 2022 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
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Cody Slach and Cody
Cree
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(615) 872-4800
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KIRK@gatewayir.com
|
|
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(949)
574-3860
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SOURCE Kirkland's, Inc.