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Is Yankee Candles Going Out Of Business? Find Out Here!

  • Written By Candace 
  • Updated On
  • 6 min read

Are Yankee Candles Going Out Of Business?

Yankee Candle is a leading manufacturer of scented candles, home fragrances, and other products. Founded in 1969 by Michael Kittredge, the company has become one of the most recognizable names in the candle industry. In recent years, however, there have been reports that Yankee Candle may face financial difficulties and potentially go out of business. In this article, we will explore the current situation with Yankee Candle and discuss what this could mean for customers and employees.

What is a Yankee candle?

Yankee Candle is a leading manufacturer of scented candles, home fragrances, and other products. Founded in 1969 by Michael Kittredge, the company has become one of the most recognizable names in the candle industry. Yankee Candle offers a wide range of products, including jar candles, votive candles, tea lights, wax melts, and more. The company also offers seasonal collections such as Christmas and Halloween.

Is Yankee Candle Going Out of Business?

Despite its long-standing success in the candle industry, there have been reports that Yankee Candle may face financial difficulties and potentially go out of business. In October 2020, the company announced closing all of its retail stores in the United States and Canada due to “challenging market conditions.” This move has raised questions about the future of the company and whether or not it is on the brink of bankruptcy.

At this time, it is unclear if Yankee Candle is going out of business or not. The company has yet to make official statements regarding its plans, and it remains to be seen how the current situation will play out. However, customers and employees should keep an eye on the situation as it develops to stay informed about potential changes.

In the meantime, customers can still purchase Yankee Candle products online or through other retailers. The company also offers various subscription services that allow customers to receive new candles and fragrances regularly. Yankee Candle has recently launched a new line of home fragrance products designed to be used with essential oils.

It is important to note that while there have been reports of financial difficulties, Yankee Candle is not officially going out of business. The company is still producing and selling products; customers can continue purchasing their favorite candle scents and fragrances. However, it is important to stay informed about any potential changes in the future as the situation develops.

Increase in Yankee candle competition

The US saw a significant decline in candle makers during the 70s and 80s. According to The New York Times, there were about 100 candle firms in the United States in 1986, down from 275 a decade earlier. The rising popularity of cheaper imported candles from alternate candle companies in foreign nations like China played a significant role in this trend. These imports severely hurt the Christmas candle market, which accounts for a sizable fraction of the entire candle industry.

However, things started to change in the 1990s, when candles started to play a bigger role in home décor, and the market boomed, peaking about 2000, as observed by Chron.com. The home fragrance business has successfully embraced social media to capitalize on this popularity in the twenty-first century. Despite all the highs and lows it has gone through, Yankee Candle has remained intact. The company appears to be doing well, with no signs of slowing down soon.

Yankee Candle’s popularity

When you realize how enormous and well-known Yankee Candle is, it’s a bit perplexing. According to Racked, Yankee Candle has 585 retail locations nationwide, in addition to being at typical retailers like Bed Bath & Beyond and Walmart. Unbelievably, the corporation is in charge of over half of all candle sales in the US.

Yankee Candle has its village in the original state of Massachusetts. On their website, you can find information about a Ben & Jerry’s Counter, Build-A-Bear Workshop, Candle shops, Store, Museum, Toy Train ride, Christmas Hamlet featuring Santa Claus and fake snow, and a restaurant.

You might be surprised to learn that basically candle village can stay afloat in business. Still, it turns out that the village attracts over two million candle lovers every year, making it a popular tourist hotspot in Massachusetts. If you’re an avid Christmas lover and long for the holiday season all year round, this is your dream destination. It’s the ideal destination for Christmas enthusiasts, especially those who constantly yearn for the holiday.

Frequently asked questions – FAQs

1. Where are Yankee candles made?

Do you know what a “chandler” is? It’s an outdated phrase for a candlemaker, I suppose. In the Middle Ages, chandlers frequently visited homes, making scentless candles out of the inhabitants’ conserved cooking fats. As an alternative, they would market candles from their retail shop. Which they also called “Chandler.” But given the enormous volume of candles that Yankee Candle produces each year, the factory where scentless candles are made there surely appears different from other factories.

Yankee Candle, which was first created in Holyoke, MA, and later moved to South Deerfield in 1983, is made by master chandlers at its Massachusetts headquarters. Michael Kittredge II still runs the business at a hot crossroads for cars between New York and Vermont.

2. How are Yankee candles produced?

We’ve all seen those captivating YouTube or Facebook videos. They are the ones that show sweets being created or machines creating identical goods quickly. They somehow have a relaxing effect, and they always provide some knowledge about how commonplace objects or foods are produced. Fortunately, MassLive visited the Yankee Candle facility and captured footage to see how the candles are manufactured up close.

Yankee Candle produced an incredible 51 million jar candles in 2018! The video covers each step in the process, from mixing the wax with additives and fragrance to secure.

Conclusion

In conclusion, Yankee Candle is not officially leaving the candle business. The company has recently closed all of its retail stores in .” However, customers and Canada due to “challenging market conditions,” but customers can still purchase products online or through other retailers. Yankee Candle has also launched a new line of home fragrance products designed to be used with essential oils. It is important to stay informed about any potential changes in the future as the situation develops.

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