ATLANTA - The parent company of Yankee Candle has announced plans to close approximately 20 retail locations in the United States and Canada, citing a need to streamline operations and cut costs.

Newell Brands stated the closures are expected to take effect in January 2026. The company did not immediately release a list of the specific locations slated to shut down.

Yankee Candle operates two stores in the Mahoning and Shenango valleys, including locations at the Eastwood Mall in Niles, Ohio, and the Premium Outlets in Grove City, Pa.

According to the announcement, the stores identified for closure collectively represent roughly 1% of the brand's sales. The company described the move as an effort to align its retail footprint with modern consumer shopping behaviors.

The retail closures are part of a broader "global productivity plan" designed to strengthen the company's competitiveness. The initiative includes a reduction of the company's global workforce by more than 900 employees, affecting approximately 10% of its professional and clerical staff.

"This productivity plan is about taking the next, disciplined step to enhance efficiency, sharpen our strategic focus, and deliver stronger, more consistent performance," said Chris Peterson, president and chief executive officer of Newell Brands.

Newell Brands expects to record pre-tax restructuring charges of $75 million to $90 million. Once fully implemented, the company projects the plan will generate annualized pre-tax cost savings between $110 million and $130 million.

In addition to Yankee Candle, the Atlanta-based consumer goods company owns a portfolio of brands including Rubbermaid, Sharpie, Graco, Coleman and Elmer’s.