11.13.09
Yankee Holding Corporation and The Yankee Candle Company, Inc. posted financial results for the third quarter ended Oct. 3, 2009
Sales for the company's continuing operations for the third quarter fell 4.2% to $168.7 million.Sales in its wholesale business decreased by 10.5% versus the prior year quarter—driven primarily by the loss of Linens 'n Things as a wholesale customer due to its 2008 bankruptcy; continued weak traffic, particularly in the gift channel; and the absence this year of the sales relating to the third quarter 2008 test with Pier 1, said the company.
As previously reported in Happi, the company discontinued its Illuminations business during the second quarter of 2009. In addition, Yankee Candle was going to discontinue its Aroma Naturals business during the third quarter of 2009.
In other news, Bruce L. Hartman—the company’s executive vice president, chief administrative officer and chief financial officer—will retire after the end of the current fiscal year. He joined Yankee in January 2008.
Sales for the company's continuing operations for the third quarter fell 4.2% to $168.7 million.Sales in its wholesale business decreased by 10.5% versus the prior year quarter—driven primarily by the loss of Linens 'n Things as a wholesale customer due to its 2008 bankruptcy; continued weak traffic, particularly in the gift channel; and the absence this year of the sales relating to the third quarter 2008 test with Pier 1, said the company.
As previously reported in Happi, the company discontinued its Illuminations business during the second quarter of 2009. In addition, Yankee Candle was going to discontinue its Aroma Naturals business during the third quarter of 2009.
In other news, Bruce L. Hartman—the company’s executive vice president, chief administrative officer and chief financial officer—will retire after the end of the current fiscal year. He joined Yankee in January 2008.