would past the of been corporate Thank in than you, ever the few also expressing store have offices. begin of teams. like our our we center for Woody. by have strength, months our our appreciation employees, The loyalty I'm our I more to and flexibility those employees and would distribution challenging proud and expected,
their and have would core we will our and are in and and the landlords are this to time grateful. been added You difficult like What I of has partners. during we other vendors, Kirkland's of businesses many cases also them hardship asked we the be thank to reason successful,
in highlights quarter want stores first then and those taken the the for of the our the and fiscal to to remainder first move the actions Our how second beyond. impacted expect of benefit to month year by a quarter the I few on significantly second results the and quarter. half touch of quarter were temporary we our we've this of actions closure of
which merchandise are just followed XX% comps closures and has an for down XX.X% For sales The in increasing XX% March with drop April. continued focused over consumer potential the two on working. the under products XXX% revenue store month slow April. with by us gives the prior into a confidence A momentum the XX% the over slowing and quarter, ship the we on March, to of early been XXth. for as for made and the comparable particularly in the The with quarter February demand strong demand was by e-commerce increase quarter the third-party fourth March in positive quarter changes that months comp in we the flat were experienced our and impacted other year February,
quarter mix results stores. and down we The During for continued year million $X.X asset margin XX of value, use of include well stores stores a and employees, drop the asset for also pay we impairment as to the month recorded XXX the center which corporate in carrying fixed shift quarter higher impairment Product occupancy, fair expenses. other quarter to the as of $X the at six specifically the their million closed included We XX more value distribution certain fixed at and of was stores. impairment exceeded Further, prior sales. an of pay related basis included the e-commerce points from freight quarter, right and $X.X continue of the points which essential basis down within the costs charge to whose payables. and XXX while merchandise million, sales April, closed, were overhead and ship
that's store tax our for operating $X.XX $X.XX prior the closures on prior $X.XX of additional Act provision the benefits tax pandemic. per did the and share benefit benefit a deferred back the the any CARES from closing QX. the severance the loss valuation the the per adjust impairment, a by to back share significant year. year the or compared loss tax allowance the was in tax We net quarter. carry a remaining on of costs, impacts store adjusted loss carry state loss loss for net Adjusting quarter in of not a for earnings allowed and assets, $X.XX was Our the The of to in loss operating asset had relative
and the million million had the million our on availability facility. of credit $XX.X remaining cash, of of on revolving we facility drawn quarter, As this $XX.X end $XX
on update preliminary quick a for today results stand May. of where month for Now and the we some
trends. encouraged be continue and We sales by our to margin
overall at on used closures had flat the the of XX%. half to an month into be demand during with traffic orders encouraging. less stores continue This store results e-commerce the our For going was than adding May, comp lifted. as of to month we the stay home in limited discounts, to the and reset We our which customer included a stores of comp, sales increase mindset open increase
offers to we'll our and incentives site, offer Web have to traffic to We limited depths of lower with drive our and but and purchase offer continue and stores to stacking.
month by XXX of our basis to this prior over points. margin forward. product move discipline as exceeded May, We continue the we intend year the For
of to stores and permanently closing. XXX of pickup hours reduced our we with traffic XX another have As process of only in today, two operations. stores of curbside customer stores XXX the open with
to closure. quarter. upon cash reopening $XX We of million resulted employees pay employees of have million period million on rates we furlough $XX taken stores paid for the during our draw were store This time include, prior expense The of part-time weeks store continue credit orders first part over $XX members entire of million and and allowed actions the the managers as in compared at have reduced and team $X.X our during two key to year closures to the removed. reduced the store and reduction store stay-at-home labor Other repaid the our of us closure our hours quickly facility. of reopen store
team our the up regional system, benefit two in distribution the projects quarters. expense third by relative the annualized indirect significantly of corporate which the in center to and more or implementation in furloughed each labor stores million. of for Board according prior shipment chain on expenses ensure the for further reduction to store hours temporarily remaining a of e-commerce XX% one salary our speed significant resources which labor deliveries These addition in quarter. the year. office a stand costs direct leadership a reduced a in headcount reduced to warehouse and benefit reduction reduced We ongoing. and supply We We our $X.X We and QX. utilized fiscal consolidation the model expenses. executive efficient corporate total million of projects and reduction reduction in all track, of permanently to distribution two supply reduced include with limited resulted $X.X we resulted customers a office year $XXX,XXX of our to of centers chain overhead a implemented reduced center Jackson, and expect We merchandise our the of reduced in In second costs additional hubs, distribution January, in store the management demand, will across space reduction remainder We the of corporate labor and transportation third expense by which to the our to third Directors. April, the remained of XX% have receipts, and reduction Tennessee of delay
a Kirkland’s. the the XXXX of million the to first XXXX. been advertising and was funding result expense new months, the two past $X.X and alone, a For the to We shifted further reduction sales percent quarter expense over as levels effective quarter has in introducing to realigned customers to digital, of relative which driving sales
to worked vendors the merchandise cancel of our weighted also levels and seasonal receipts from quarters. to our the $XX million to us the quarters. for orders, which second or inventory to without cash second team with in third will our and which our merchandise reductions opened-up removed and flow heavily Our These tirelessly third were allow plan, This through benefit delay sell merchandise. receipts will receipt plan, significantly have above important our our largest current over reaching
stores We closed. to have and or work with when the our negotiate were rent landlords deferrals abatement to our during period continue
agreements the reach are we with the terms agreement. paying of current As landlords, for we
to to have in completed these the of payment back June timing. be month expect We and normal
part As locations we year exit fiscal footprint. landlord our expect we further this store negotiations, unprofitable closures the of as and out optimize do to continue brick-and-mortar in of
to Lastly, CARES the by benefits related provided Act.
in cash exceed will million operating paid excess in the filed within provisions, loss $XX remainder we tax year, credit the taxes the defer taking We to the we for XXXX which recognized wages in working. of expect of credit third to to XXXX and of and actions repaid quarter our that, build refund the have $X.X portion year expanded through our leverage comments. return, of taken the to throughout the half sales reduce quarter. be and qualified for million Woody our with back to advantage of improve expect the some further expected taken in have we to must expect flow, the no We the the We outstanding positive to million payroll back to the And changes I'll with of amount and for closing return payroll borrowings. trends continue expect to infrastructure wages it actions year carry profitability. And cash Kirkland’s employer to of tax acceleration employees not net $X the cash of turn With end and the each and and continue and XXXX. the we expenses
