Core Insights - Retailers are facing economic challenges that are impacting their revenue during the critical holiday season, which typically accounts for about 19% of annual revenue [1] - Increased labor costs, rent, and higher costs of goods, along with tariff uncertainties, have led to permanent closures and restructuring among legacy brands [2] Company Overview - Yankee Candle, a well-known brand in the home fragrance sector, is undergoing significant restructuring due to economic pressures affecting its parent company, Newell Brands [4][5] - Newell Brands announced plans to lay off approximately 900 employees globally, representing about 10% of its workforce, and will close around 20 Yankee Candle stores in the U.S. and Canada [4][7] Financial Performance - Newell Brands reported net sales of $1.8 billion for the third quarter of 2025, reflecting a 7.2% decline compared to the previous year, with gross margin decreasing to 34.1% from 34.9% [8] - The company anticipates pre-tax restructuring charges of approximately $75 million to $90 million, with expected annualized cost savings of $110 million to $130 million once the productivity plan is fully implemented [12] Market Position - Yankee Candle is the second-largest candle brand in the U.S., with estimated annual revenue of $900 million, in a market valued at $11 billion [13][14]