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Yankee Candle Reports 10% Drop in 1Q Revenue

Company feels the heat of the recession in retail and wholesale business.

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By: TOM BRANNA

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Yankee Holding Corporation and The Yankee Candle Company, Inc. announced financial results for the first quarter ended April 4, 2009. Total revenue for the first quarter dropped 10.8% to $125.7 million from the prior year first quarter. Both the retail and wholesale segments were negatively impacted by the unprecedented macroeconomic environment that continues to impact the company, and other consumer-facing companies, in 2009, said Yankee Candle in a media statement....

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