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.
  • It’s Magic!

    It’s Magic!

    Melissa Meisel, Associate Editor||March 20, 2017
    Argan oil-infused ‘Moroccan’ lip care brand jumps from WholeFoods into CVS.

  • On the Cutler Edge

    On the Cutler Edge

    Melissa Meisel, Associate Editor||March 13, 2017
    Top brand source at Redken forecasts up-to-the-minute hair trends.

  • Take The Hint

    Take The Hint

    Christine Esposito, Associate Editor||March 13, 2017
    Water brand forays into sun protection by capitalizing on scent and experience.

  • Supply-Side Innovations

    Supply-Side Innovations

    Tom Branna, Editorial Director||March 1, 2017
    Raw material suppliers roll up their sleeves and roll out their new products for the global cleaning industry.

  • New Faces in Familiar Places

    New Faces in Familiar Places

    Tom Branna, Editorial Director||March 1, 2017
    The American Cleaning Institute officially welcomed its new president.

  • Special Delivery

    Special Delivery

    Tom Branna, Editorial Director||March 1, 2017
    UV protection is important, but what good is that sunscreen if consumers won’t apply it?