Kirkland Represents Home Franchise Concepts on Sale to JM Family Enterprises. 08 July 2019. Kirkland & Ellis LLP advised Home Franchise Concepts Parent, LLC (HFC), a portfolio company of Trilantic North America, on its sale to JM Family Enterprises, Inc. HFC is one of the world’s largest franchising systems in the home improvement goods and services space, among the world’s largest franchise businesses and a recognized leader in franchisee-franchisor relationships.
What is the history of Kirkland's?
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 371 stores in 35 states as well as an e-Commerce enabled website, www.kirklands.com.
How many stores does Kirklands have?
Although originally focused in the Southeast, the Company has grown beyond that region and currently operates 371 stores in 35 states as well as an e-Commerce enabled website, www.kirklands.com.
What is the population of Kirkland in Washington State?
As of the 2010 United States Census, Kirkland, located in The Evergreen State, had a total population of 83320 people. From a total population of 83320, Kirkland has a median age of 37.7. The average age of males, in Kirkland, is 36.2 while the average age of females is 39.3.
Who is Kirklands owned by?
CostcoCostco created Kirkland to ensure a consistent brand that was instantly recognizable. The Kirkland Signature brand exceeded $59 billion in sales last year and accounted for 31% of Costco's total revenue.
Is Kirklands the same as Kirkland Costco?
Kirkland Signature This label, familiar to Costco shoppers, is actually the company's house brand and a Costco subsidiary.
What type of business is Kirklands?
Today, Kirkland's Home sells a full range of home furnishings from sofas to rugs, mirrors to stemware, lighting, tables, candles and more. Each item carefully selected by our designers to deliver "want it-need it" looks with the value and function that our smart shoppers demand.
How long has Kirklands been in business?
History. Kirkland's was founded by Carl Kirkland and Robert Kirkland in 1966 in Jackson, Tennessee, when they began selling home accessories at low prices. As of September 2018, the chain has grown to 431 stores in 37 states.
Is Kirkland vodka actually GREY goose?
You may have heard a rumor that the Kirkland Signature™ brand vodka sold at Costco is actually GREY GOOSE® Vodka, just in different packaging. We can definitively put this myth to rest. This viral claim is completely false, and GREY GOOSE® Vodka does not produce nor privately label Kirkland vodka.
Why does Costco use Kirkland name?
In 1995, Costco took all its private label products and gave them a single brand name: Kirkland Signature. The name came from the company's original Washington State headquarters. While Costco had recently moved to Issaquah, Sinegal said, “Nobody could spell Issaquah, so we kept it.”
Is Kirkland's in financial trouble?
Based on the latest financial disclosure, Kirklands has a Probability Of Bankruptcy of 39.0%.
Is Kirkland only sold at Costco?
Kirkland, which is exclusive to Costco, draws members into warehouses and leads them to renew their $60 and $120 annual memberships every year. Perhaps more important to the company, Kirkland helps Costco solidify its image as a value store with quality products, say analysts.
What does Kirkland stand for?
It originated from a habitational name with variant spellings Kirtland and Kirtlan, from the English word Kirk meaning church, plus land, and was originally given either as a topographical name to someone resident on land belonging to the church, or as a locational name from any of the several places named Kirkland.
Is Kirkland made in USA?
All of the Kirkland Signature Dry Dog and Cat Foods are made by Diamond Pet Foods in five company-owned manufacturing facilities in the U.S.
Does Kirkland make their own products?
When Costco customers see the red and black Kirkland Signature label, they know they're going to get a good product at a great price. But they don't always know who's making it. Store brand products like Kirkland are typically manufactured by third parties, not the store itself.
Why is Kirkland stock down?
The lower earnings growth compared to revenue points to Kirkland's Inc not being able to improve its profit margin. The stock is down 11.92% to $5.10 after the report. The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.
What is the Kirkland brand at Costco?
“Kirkland is a proxy brand for Costco. It really means Costco,” said Christopher Durham, president of Retail Brands Institute, a trade group representing the private brand industry.
Did Costco start in Kirkland?
2003 - Costco Home opened in Kirkland, Washington in December 2002. Costco.com generated sales of $226 million. Average annual sales per warehouse was $105 million. 24 new Costco locations were opened.
Can you buy Kirkland products outside of Costco?
Many of Costco's most popular products, especially those that aren't TVs, produce, or giant-sized portions of paper goods, are sold under the Kirkland brand, which generally can't be found outside of a Costco store, meaning if you don't have a membership or a friend with one, you're out of luck.
Who makes Kirkland coffee for Costco?
Well, it's right on the label! Yes, when it comes to the two-and-a-half-pound bags of coffee varieties like Kirkland's Signature House Blend Medium Roast, Espresso Blend Dark Roast, and Decaf House Blend Medium Roast, they come labeled with a "Custom roasted by Starbucks" stamp. WHO KNEW?
Demographics
From a total population of 83320, Kirkland has a median age of 37.7. The average age of males, in Kirkland, is 36.2 while the average age of females is 39.3. When you compare this to median age of Washington, Kirkland is -0.3 year younger.
Income
The median income of individuals, in Kirkland, is $48,902 while the average household income is $90,611. When comparing the median income of people living in Kirkland to the rest of Washington, the average income in Kirkland is $-17,669 less.
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