55-year-old iconic candle company closing stores, layoffs pending

Photo credit: Mike Mozart via Flickr. CC BY 2.0. Article by Dana Sullivan Kilroy. TheStreet – December 2, 2025.

This is supposed to be the time of year when retailers are filling their coffers. During November and December, a typical retailer brings 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 doors permanently or make tough restructuring plans. […]

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