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Kirkland's Inc sales income suffers due to Katrina
10 Sep '05
2 min read
Tennessee based leading home furnishing maker Kirkland's Inc announced that as a result of the impact of Hurricane Katrina on certain stores in Louisiana, Mississippi, Alabama and Florida, the Company estimates it has lost approximately $400,000 to $500,000 in sales to date from closed stores and other stores where sales have been affected by the storm.
Of the Company's 315 stores, all but four are currently open and operating. Three of the closed stores are located in the New Orleans area and one is located in Biloxi, Mississippi. The Company is still assessing the damage to these stores and expects them to remain closed for an extended period of time.
Kirkland's insurance covers its physical property as well as loss of income due to business interruption. Over the next several weeks, the Company will be evaluating its insurance claims and the potential for ongoing sales disruption as the communities affected by Hurricane Katrina recover and more normal shopping activity resumes.
Kirkland's also announced that it has undertaken efforts to provide monetary and other support to its associates in areas affected by Hurricane Katrina. In addition, the Company and its employees are actively supporting relief agencies that are responding to this crisis with contributions of cash and other essential items.
Kirkland's Inc was founded in 1966 and is a leading specialty retailer of home décor in the United States. Manhattan Boutique offers all the essential items needed to build a chic and multifunctional wardrobe with a full range of stylish apparel and accessories from top designers such as Tracy Reese, Tocca, Chaiken, Joe's Jeans, Yanuk, Paige Premium, La Rok, Ya-Ya, Citizens and many more.
Of the Company's 315 stores, all but four are currently open and operating. Three of the closed stores are located in the New Orleans area and one is located in Biloxi, Mississippi. The Company is still assessing the damage to these stores and expects them to remain closed for an extended period of time.
Kirkland's insurance covers its physical property as well as loss of income due to business interruption. Over the next several weeks, the Company will be evaluating its insurance claims and the potential for ongoing sales disruption as the communities affected by Hurricane Katrina recover and more normal shopping activity resumes.
Kirkland's also announced that it has undertaken efforts to provide monetary and other support to its associates in areas affected by Hurricane Katrina. In addition, the Company and its employees are actively supporting relief agencies that are responding to this crisis with contributions of cash and other essential items.
Kirkland's Inc was founded in 1966 and is a leading specialty retailer of home décor in the United States. Manhattan Boutique offers all the essential items needed to build a chic and multifunctional wardrobe with a full range of stylish apparel and accessories from top designers such as Tracy Reese, Tocca, Chaiken, Joe's Jeans, Yanuk, Paige Premium, La Rok, Ya-Ya, Citizens and many more.
Kirkland's Inc
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