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KIRK - Kirkland's Inc.: Management Executing Well On E-Commerce Transition
Kirkland's Inc.
E-commerce increased 36% driven by third-party dropship revenue increasing 111% and its own products shipped directly to customers up 45%.
Management expects e-commerce to grow annually at a rate of 25-35% resulting in approximately half of the total sales generated by e-commerce in the future.
We expect gross margins to increase by higher amounts of direct sourcing.