Newell Brands Inc. (NWL) Presents at Morgan Stanley Global Consumer & Retail Conference 2025 Transcript
Newell's global productivity plan cuts 900 roles, closes Yankee Candle stores and targets major cost savings through 2026.
Newell Brands to close 20 Yankee Candle stores and cut 900 jobs as part of an optimization plan to streamline operations and align with shopping trends.
| Household Products Industry | Consumer Staples Sector | Christopher H. Peterson CEO | NASDAQ (NGS) Exchange | 651229106 CUSIP |
| US Country | 23,700 Employees | 28 Nov 2025 Last Dividend | 2 Sep 1994 Last Split | 19 Jul 1984 IPO Date |
Newell Brands Inc., founded in 1903 and headquartered in Atlanta, Georgia, is a global company dedicated to the design, manufacture, sourcing, and distribution of consumer and commercial products. The company's operations are categorized into three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. Newell Brands serves a diverse customer base that includes warehouse clubs, department and drug/grocery stores, mass merchants, home centers, commercial distributors, specialty retailers, office superstores and supply stores, contract stationers, e-commerce retailers, sporting goods stores, select contract customers, and other professional customers. It also reaches consumers directly through online platforms.
This segment focuses on products that enhance both home and commercial environments. Products range from commercial cleaning and maintenance solutions under brands like Rubbermaid and Spontex, to kitchen and household appliances under names such as Crockpot and Mr. Coffee. It also includes food and home storage products by FoodSaver and Rubbermaid, fresh preserving and vacuum sealing products, gourmet cookware and bakeware under the Calphalon brand, and home fragrance offerings from WoodWick and Yankee Candle. Organization solutions for closets and garages, as well as hygiene and material handling solutions, are also part of this category.
This segment delivers products designed for creativity, education, and development across all ages. It features writing instruments such as markers, pens, and pencils from brands like Paper Mate and Sharpie, art and activity products under the Elmer's and EXPO banners, labeling solutions from Dymo, and baby gear and infant care products via the Graco and NUK brands. Its mission is to support the growth and development of individuals through innovative and trusted products.
Targeting the outdoor enthusiasts, this segment offers a variety of products including technical apparel and on-the-go beverage ware under brands like Marmot and Contigo, and outdoor goods from Campingaz and Coleman. It caters to consumers seeking adventure and outdoor activities, providing them with the necessary equipment and apparel to enhance their experiences in the great outdoors.