Kirkland’s has reported an improvement in its top line during the fourth quarter, which management said was a result of the company’s transformation.

For the quarter ended February 1, overall comparable sales were down 0.6 per cent, a much slower rate compared to the previous three quarters. This included a 1.6 per cent increase in same-store sales and a 7.9 per cent decline in e-commerce.

Net sales fell 10 per cent to $148.9 million, mainly due to the extra week in the prior-year period and a decline in store count of approximately 4 per cent.

For the full year, comparable sales slid 2 per cent and net sales decreased 5.7 per cent to $441.4 million. Net loss reduced from $27.8 million in the prior year to  $23.1 million.

“Fiscal 2024 was an important year in our transformation journey,” said CEO Amy Sullivan. 

“We continued to make progress towards the revitalization of our Kirkland’s Home brand with our strategic initiatives, re-engaging our core customer, refocusing our product assortment and strengthening our omni-channel capabilities enabling us to deliver positive brick-and-mortar comparable sales growth and achieve significant improvement in bottom-line performance.”

Sullivan added the company’s partnership with Beyond would open up new avenues for growth.

“We have identified the first of many potential store conversions under the Bed Bath & Beyond Home and Overstock banners that we believe will not only drive stronger brand awareness and customer acquisition but also support our ongoing transformation efforts,” she elaborated.