The home furnishings chain opened 13 stores and closed 20 storesin the fourth quarter, and now has 52% of its space in off-malllocations, with 48% operating in malls.

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"This marks the first time we ended a quarter operating moreoff-mall stores than mall stores," said Robert Alderson, CEO. "Ourmove off-mall continues and we will accelerate the mall closingsover the next two years."

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The chain will open 10 stores and close 10 stores in the firstquarter of 2007, continuing a pattern that will keep the totalstore count fairly static or slightly smaller, he said.

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Net sales for the 14-week period ended Feb. 3, 2007, increased9.2% to $167.5 million compared with the prior year. Comp-storesales for the quarter decreased 6.1%, with comps in mall storesdeclining 8.4% while off-mall store comps declined 2.6%. Net incomefor the 14-week period was $11.4 million, compared with net incomeof $10.1 million for the 13-week period ended Jan. 28, 2006.

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Net sales for the 53-week year ended February 3, 2007 were$446.8 million, up 7.6% from the 52-week prior year.Comparable-store sales decreased 6.6%, with comp-store sales inmall stores declining 8.7% and off-mall stores declining 2.9%. Thechain reported a net loss of $0.1 million for the year, comparedwith net income of $0.2 million for the previous year.

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Kirkland's operates 348 stores in 37 states.

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