Breaking News

Slow Going at Yankee Candle

November 30, -0001

Yankee Candle is hoping that 2009 will add a spark to the home fragrance business. Revenue for the fourth quarter ended Jan. 3, 2009 was $264.3 million, a 7.2% decrease from the prior year fourth quarter. According to the company, the decrease in revenue was a result of the deteriorating economic environment, a decrease in sales in its home specialty channel within its domestic wholesale business (driven by the bankruptcy of Linens-N-Things), and to a lesser extent a decrease in retail comparable store sales of 9.4%.

Retail sales rose 0.8% to $190.7 million. Wholesale sales dropped 22.9% to $73.6 million.

As part of a restructuring that was previously announced, the company recorded a $12.4 million charge in the fourth quarter of 2008.

Total revenue for the 2008 fiscal year dropped 3.1% to $713.7 million. Retail sales rose 0.6% to $410.3 million. Wholesale sales figures slipped 7.8% to $303.5 million.
blog comments powered by Disqus
  • What's Next for the UK?

    Sarah Boumphrey, Euromonitor International||June 24, 2016
    Euromonitor weighs in on the implications for consumer product companies.

  • Henkel Grabs the Sun

    Henkel Grabs the Sun

    Ian Bell, Euromonitor International||June 24, 2016
    Euromonitor's Ian Bell on the impact the purchase will have on the US detergent industry.

  • To The Max

    To The Max

    Melissa Meisel, Associate Editor||June 20, 2016
    Velvet 59 is on the rise at locations like Ricky’s NYC.

  • Take Notice

    Take Notice

    Melissa Meisel , Associate Editor||June 1, 2016
    Packaging trends revolve around trendy artwork, eco-conscious materials—and portability is a plus too!

  • Virtual Reality

    Virtual Reality

    Christine Esposito, Associate Editor||June 1, 2016
    An update on nature-identical ingredients for cosmetics and personal care products.

  • Shiseido Advances in the US

    Shiseido Advances in the US

    Tom Branna, Editorial Director||June 1, 2016
    New facility in Windsor, NJ demonstrates its dedication to the US and other markets outside Japan.