Kirkland's Announces Management Promotions and Succession Plan

  Kirkland's Announces Management Promotions and Succession Plan

Business Wire

NASHVILLE, Tenn. -- August 21, 2014

Kirkland's, Inc. (NASDAQ: KIRK) today announced that W. Michael Madden, the
Company’s Senior Vice President and Chief Financial Officer, has been promoted
to President and Chief Operating Officer, effective immediately. Kirkland’s
expects Mr. Madden to assume the role of Chief Executive Officer after a
period of orderly transition. Mr. Madden will remain the company’s principal
financial officer pursuant to S.E.C requirements.

The Company also announced that Michelle R. Graul, the Company’s Senior Vice
President of Stores/Human Resources, has been promoted to Executive Vice
President of Stores and Merchandising, and Adam C. Holland, the Company’s Vice
President of Finance, has been promoted to Chief Accounting Officer, effective
immediately.

Mr. Alderson, the Company’s Chief Executive Officer, noted, “Kirkland’s deep
and experienced senior leadership team has been integral in restoring our
stability and profitability as well as rebuilding shareholder value. I'm
pleased that the Board has recognized Mike’s many contributions to our success
and his outstanding leadership potential. I’ve worked closely with Mike for
the last eight years as CFO, and he filled in admirably during my illness over
a year ago. His experience, knowledge of Kirkland’s culture, and vision for
our future make him the best person to lead Kirkland’s through our next phase
of growth.

“Michelle’s extensive store operations, human resources and visual
merchandising experience, as well as demonstrated leadership ability, uniquely
qualify her for this expanded role. Along with Mike and other members of the
senior team, she will continue to lead our efforts in improving the Kirkland’s
store experience and enhancing our merchandise team and offering. Adam has
been a key member of our finance team for the last nine years and has
continually increased his contribution and responsibility in our strategic
functions, accounting, and regulatory reporting. We are confident in his
ability to excel in his new and expanded role.”

Kirkland's, Inc. was founded in 1966 and is a specialty retailer of home décor
in the United States. Although originally focused in the Southeast, the
Company has grown beyond that region and currently operates 328 stores in 35
states. The Company's stores present a broad selection of distinctive
merchandise, including framed art, mirrors, candles, lamps, picture frames,
accent rugs, garden accessories and artificial floral products. The Company's
stores also offer an extensive assortment of gifts, as well as seasonal
merchandise. More information can be found at www.kirklands.com.

Except for historical information contained herein, the statements in this
release are forward-looking and made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. Forward-looking
statements involve known and unknown risks and uncertainties, which may cause
Kirkland's actual results to differ materially from forecasted results. Those
risks and uncertainties include, among other things, the competitive
environment in the home décor industry in general and in Kirkland's specific
market areas, inflation, product availability and growth opportunities,
seasonal fluctuations, and economic conditions in general. Those and other
risks are more fully described in Kirkland's filings with the Securities and
Exchange Commission, including the Company's Annual Report on Form 10-K filed
on April 17, 2014. Kirkland's disclaims any obligation to update any such
factors or to publicly announce results of any revisions to any of the
forward-looking statements contained herein to reflect future events or
developments.

Contact:

Kirkland's, Inc.
W. Michael Madden, 615-872-4898
President & COO
IR@Kirklands.com
or
SCR Partners
Tripp Sullivan, 615-760-1104
 
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