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55-year-old iconic candle company closing stores, layoffs pending
Yahoo Financeยท 2025-12-02 20:13
This is supposed to be the time of year when retailers are filling their coffers. During November and December, a typical retailer bring in around 19% of their annual revenue, according to the National Retail Federation (NRF) Winter Holiday Forecast. But economic challenges across the retail landscape have forced retailers to make difficult decisions. Increased labor costs and rent, plus higher cost of goods, coupled with uncertainty around tariffs, has forced many well-known legacy brands to close their ...