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Newell Brands to Close 20 Yankee Candle Stores, Lay Off 900

12/3/2025

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Summary

Story summary

Newell Brands will close 20 Yankee Candle stores and lay off 900 employees as part of a global productivity plan.
Closures take effect in January 2026 and account for about 1% of Yankee Candle brand sales.
Layoffs will occur in December, aligning with the holiday shopping season.
Newell Brands' President and Chief Executive Officer Chris Peterson said the plan aims to enhance efficiency and improve performance.

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Story summary

Newell Brands will close 20 Yankee Candle stores and lay off 900 employees as part of a global productivity plan.
Closures take effect in January 2026 and account for about 1% of Yankee Candle brand sales.
Layoffs will occur in December, aligning with the holiday shopping season.
Newell Brands' President and Chief Executive Officer Chris Peterson said the plan aims to enhance efficiency and improve performance.