US home décor speciality retailer Kirkland’s has reopened 301 of its total 405 stores after several US states have eased lockdown measures.
The retailer kept its stores closed since 19 March as part of efforts to stop the spread of Covid-19.
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Additionally, it has opened another 95 stores offering contactless curbside pickup.
Meanwhile, the retailer is not sure as to when it will be reopening all of its stores.
It will continue to abide by the guidance of the Centres for Disease Control and Prevention and local and state government officials.
Given the unpredictable nature of the pandemic, the company noted it may also change its plans.
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By GlobalDataKirkland’s chief executive officer Woody Woodward said: “The tremendous effort shown by our employees over the past several weeks has enabled us to successfully execute our contingency plans through phased store openings and contactless curbside pickup.
“We are pleased with the initial demand and the continued strength of our e-commerce sales.
“Combined with the substantial cost-cutting measures we took to ensure we have the right infrastructure in place, we believe these early results provide us with sufficient liquidity to continue serving our customers in the stores and online and help them furnish a home of any size on a budget with an expanded merchandise assortment.”
Kirkland’s drew down $40m of its $75m revolving credit facility and had approximately $29m of cash on hand as of 18 May. It also has another $23m available on its revolving credit facility.
The company’s online business has seen an increase in demand by 96% to $23.7m since it closed its stores in March.
