- Newell Brands, which runs Yankee Candle, Rubbermaid, Elmer’s and other names, will lay off 900 people, about 10% of its global professional and clerical staff. U.S. cuts begin this month and those abroad will continue through next year, the company said Monday.
- In January the company will close about 20 Yankee Candle stores in the U.S. and Canada, which deliver about 1% of the brand’s sales. Most of the company’s 240 or so retail stores, including 230 in the U.S., are Yankee Candle locations; 90% are leased.
- The plan is expected to generate annualized pre-tax cost savings of some $110 million to $130 million, though it will entail $75 million to $90 million in severance and related costs until the end of next year.
Yankee Candle owner resorts to layoffs, store closures | Retail Dive
Related Posts
Following a year of extraordinary disruption to the nation’s educational system and the necessary shift to online instruction, parents of students in grades K-12 have reached a clear consensus: When it comes to books, the physical version matters. Parents are acutely focused on what their children learn and are convinced they will learn more via printed materials, according to national study conducted in the United States recently by pollster Frank Luntz. The survey of 1,000 parents with school-aged children across the country found the following: *Virtually every parent wants physical materials as a part of student learning. *76% of parents find physical books “extremely/very” impactful, compared to 68% for online/digital books. *When given the choice of only one or the other, 69% of parents prefer physical materials and only 31% choose online materials. *Physical books matter greatly in school board elections. 71% of parents would be more likely to vote for a school board member who supports students learning with physical materials – over the 29% who would prefer a member who wants online materials. *The frustrations with online learning during COVID are real. More than 80% of parents from all backgrounds (including 74% of those who typically favor online materials) believe physical materials would have made their jobs easier helping their students from home.
The Consumer Financial Protection Bureau (CFPB) gave an early Christmas present to debt collectors, at the expense of the very consumers they are mandated to protect. Ignoring a mountain of public comments from citizens, cyber security experts and consumer advocacy groups including Keep Me Posted (KMP) detailing the multitude of harms and risks unleashed by its proposed rules, the Bureau plowed ahead and finalized a sweeping deregulation that will subject society to an unwelcome digital deluge of menace and fraud. Under the guise of so-called modernization, the CFPB will give the green light to 3rd-party debt collectors to exploit Facebook, Instagram, LinkedIn and Twitter messaging — as well as emails and text messaging — in their bounty hunting efforts. The new rules would further allow for an unlimited quantity of such unsolicited digital contacting — while simultaneously expanding the frequency of phone calls to 7 times per week per alleged debt. Meanwhile, the safe, secure and discreet practice of mailing paper letters will remain an option for professional firms seeking reliable communications options. To be clear, America’s consumers did not ask for this. And they will not even be given the option to opt-in to any such digital communications they might prefer.
Ink is proud to announce that we have just won a huge number of awards in two prestigious international media competitions. Firstly, our video series for American Airlines, "One Day, Two Ways," has just won two Silver Telly Awards for Travel/Tourism and Non-Broadcast Production at the 41st annual competition. The Telly Awards “honour video and television across all screens to winners that tell great stories.” Secondly, we we have won an astonishing 21 Communicator Awards! In fact, 11 of our projects received the competition’s highest honour, the Award of Excellence – on top of 10 awards of Distinction.