NASHVILLE, Tenn., July 18,
2022 /PRNewswire/ -- Kirkland's, Inc. (Nasdaq: KIRK)
("Kirkland's Home" or the "Company"), a specialty retailer of home
décor and furnishings, has announced that Chief Financial Officer
(CFO) and Chief Operating Officer (COO) Nicole Strain will be leaving the Company,
effective August 31, 2022.
With support from the board of directors, Kirkland's Home has
initiated an executive search process for a new CFO. Until the
Company names a successor, it will rely on a newly-established
Office of the CFO, which will be co-led by Anna Wilhoit, the Company's controller, and
Jessica Tatum, senior director of
financial planning and analysis. The functions within the COO role
have been assigned to other senior members of the operations team.
The Company will provide updates as they become available.
"Nicole's executive leadership has been instrumental in
transforming our company into a specialty home furnishings
retailer," said Steve "Woody" Woodward, president and CEO of
Kirkland's Home. "As we begin the process of selecting her
successor, we are in experienced hands with our current corporate
finance and operations teams remaining in place. On behalf of
Kirkland's Home and the board of directors, we wish Nicole the very
best in her next endeavor."
With the CFO transition plan in place, the Company anticipates
reporting its fiscal second quarter 2022 results in late
August 2022.
About Kirkland's, Inc.
Kirkland's, Inc. is a specialty retailer of home furnishings in
the United States, currently
operating 359 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
Except for historical information contained herein, the
statements in this release, including all statements related to
future initiatives, financial goals and expectations or beliefs
regarding any future period, are forward-looking and made pursuant
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 involve known and unknown risks and
uncertainties, which may cause Kirkland's Home actual results to
differ materially from forecasted results. Those risks and
uncertainties include, among other things, risks associated with
the Company's progress and anticipated progress towards its
short-term and long-term objectives including its brand
transformation, the timing of normalized macroeconomic conditions
from the impacts of global geopolitical unrest and the COVID-19
pandemic on the Company's revenues, inventory and supply chain, 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 Kirkland's Home specific market
areas, inflation, fluctuations in cost and availability of
inventory, interruptions in supply chain and distribution systems,
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 Kirkland's Home or its
customers' information, seasonal fluctuations in consumer spending,
and economic conditions in general. Those and other risks are more
fully described in Kirkland's Home 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, Kirkland's Home 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:
|
Kirkland's
Home
|
Gateway Group,
Inc.
|
|
Anna Wilhoit
|
Cody Slach and Cody
Cree
|
|
(615)
872-4800
|
KIRK@gatewayir.com
|
|
|
(949)
574-3860
|
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SOURCE Kirkland's, Inc.