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Even Yankee Candle not immune to economic woes

The Boston Business Journal reports demand for scented wax is down so much the company is cutting 332 jobs and closing 29 stores. However, 28 of those stores are of another candle-related chain the company owns in states nowhere near New England.

This comes on the heels of Filene's Basement announcing the closing of 11 stores - including the one in Framngham - because landlords didn't want to cut rents as much as the chain thought appropriate.

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Comments

Greedy retail landlords having been driving out wonderful small businesses for years here in NYC. I'm glad that some of them are getting payback in some form.

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