Kirkland’s Home saw lower net sales across consolidated average ticket and e-commerce traffic in the second quarter.
The home decor and furniture retailer’s net sales fell 3.6 per cent to $86.3 million while comparable sales fell 1.7 per cent.
This includes a 10.6 per cent decrease in e-commerce sales and a 1.8 per cent increase in comparable store sales.
During the period, the company implemented cost-saving initiatives, including reducing corporate overhead, store payroll, marketing and third-party technology expenses.
Kirkland’s is also pursuing and evaluating potential strategic initiatives to support its operations.
The company ended the quarter with 325 stores after closing four.
“Our merchandising and marketing plans have continued to drive traffic to our stores, resulting in positive comparable sales performance in the channel, helping to offset the headwinds we are experiencing with our e-commerce business,” said Amy Sullivan, Kirkland’s Home CEO.
“Toward the end of the quarter, we began to introduce our fall and holiday assortment, and we are encouraged by our early reads, giving us further confidence in our plans for the second half of the year and our peak selling season.”
The company’s net loss stood at $14.5 million, improving from $19.4 million in the year-ago period.