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Kirkland's, Going Off Mall, Closes Stores

Home-furnishings chain Kirkland's is closing about between 35 and 40 stores this year, says this Reuters article. The move comes as the chain is pursuing a strategy to move out of malls and into open-air shopping centers. It's not ALL bad news, though. The company still plans to open between 15 and...

By Ian Ritter | Updated on April 21, 2009

Home-furnishings chain Kirkland’s is closing about between 35 and 40 stores this year, says this Reuters article.The move comes as the chain is pursuing a strategy to move out of malls and into open-air shopping centers.It’s not ALL bad news, though. The company still plans to open between 15 and 20 stores during the fiscal period, and sales are improving. In its most recent quarter, the chain posted a 5.3% same-store sales increase.Can a chain like this make it through the recession successfully with a program of cutting back some of its stores and opening others in off-mall locations?

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