Company Snapshot: Kirkland's Inc.

Address:
5310 Maryland Way
Brentwood, TN 37027

Telephone:
615-872-4800

Year Founded:
1966

Total Stores:
344

Total Annual Sales:
$507,600,000

Senior Executives:
W. Michael Madden- President. CEO
Adam C. Holland- VP, CFO

Kirkland’s has made several significant corporate moves during the past fiscal, each indicating a step in the direction of growth.  First the retailer doubled its headquarters space by moving to a new location in Brentwood, TN from its longtime home in Nashville.

Earlier this month the company announced major executive changes.  Longtime President and CEO Robert E Alderson retired from this position though he maintains his place on the board of directors.

He has been replaced by W. Michael Madden, who was promoted to President, CEO from his old post of Senior VP, CFO and Corporate Secretary.  At the same time Adam Holland was promoted to VP, CFO from his former position of VP of Finance and Chief Accounting Officer.

The retailer also fared well as per its recently announced fiscal year-end, annual financials.  Net annual sales increased 10.2% to $507.6 million compared with $460.6 million for its previous fiscal year.  Comparable store sales for fiscal 2014, including e-commerce sales, increased 6.1% compared with a 0.5% increase in fiscal 2013. The Company opened 34 stores while closing 14 during fiscal 2014 and ended the fiscal year with 344 retail locations.

Founder Carl Kirkland continues to exert influence over the company, years after his retirement.  Mr. Kirkland maintains a seat on the board of directors as an independent director.  He continues to go to his office a couple of times a week.  His lengthy, updated company summary, A Note from our Founder, warmly greets investors and shoppers alike on the corporate website.