Kirkland's, Inc. (NASDAQ: KIRK) today announced that Robert Alderson,
the Company's long-time President and Chief Executive Officer, has
advised the Board of Directors of his intention to retire from the
Company at the end of fiscal 2013, or approximately February 1, 2014.
Mr. Alderson, 66, noted, "Over the past five years, we've restored
Kirkland's stability and significantly enhanced its profitability. We've
also completed a huge amount of foundational work in systems,
e-commerce, marketing, merchandising process, real estate and store
operations. Over the course of the year, we will continue to work on
substantially upgrading our merchandising talent and leadership. I have
enjoyed the last 27 years at Kirkland's, but now is the right time to
begin recasting the leadership."
Wilson Orr, the Company's Chairman, noted, "Robert is an exemplary
leader and has given much of himself to Kirkland's over the past three
decades. We obviously respect his desire to step back at the end of the
year and will work with him on planning for the appropriate leadership
for the next phase of our growth."
Kirkland's, Inc. was founded in 1966 and is a specialty retailer of home
décor in the United States. Although originally focused in the
Southeast, the Company has grown beyond that region and currently
operates 317 stores in 35 states. The Company's stores present a broad
selection of distinctive merchandise, including framed art, mirrors,
candles, lamps, picture frames, accent rugs, garden accessories and
artificial floral products. The Company's stores also offer an extensive
assortment of gifts, as well as seasonal merchandise. More information
can be found at www.kirklands.com.
Except for historical information contained herein, the statements in
this release are forward-looking and made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.Forward-looking
statements involve known and unknown risks and uncertainties, which may
cause Kirkland's actual results to differ materially from forecasted
results.Those risks and uncertainties include, among other
things, the competitive environment in the home décor industry in
general and in Kirkland's specific market areas, inflation, product
availability and growth opportunities, seasonal fluctuations, and
economic conditions in general.Those and other risks are more
fully described in Kirkland's filings with the Securities and Exchange
Commission, including the Company's Annual Report on Form 10-K filed on
April 12, 2012.Kirkland's 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.
Kirkland's, Inc.
W. Michael Madden, 615-872-4800
Senior Vice
President & CFO
or
Corporate Communications, Inc.
Tripp
Sullivan, 615-324-7335
