National Retailer Closing 20 Locations, Laying Off 900 Workers: What It Means For IL

The maker of Yankee Candle, which has 10 stores in Illinois, said Monday it plans to close 20 stores and lay off more than 900 workers, or 10 percent of its workforce, in a cost-cutting move.

Yankee Candle locations in Illinois include storefronts in Tinley Park, Schaumburg, Palatine, Joliet and Geneva.

Newell Brands said the cuts will affect approximately 10 percent of its professional and clerical employees and will have a limited impact on manufacturing or supply chain operations. Layoffs in the U.S. are set for this month, with international cuts continuing through 2026,

The company also said it will close about 20 Yankee Candle stores in the U.S. and Canada in January. It did not say which Yankee Candle stores would shutter.

• Related: Mass Layoffs To Hit Large Wilmington Company: Report

The closing Yankee Candle stores represent roughly 1 percent of brand sales, according to Newell Brands.

Newell Brands said this restructuring will ultimately generate pre-tax cost savings of approximately $110 million to $130 million.

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