In Lindt & Sprüngli’s 2008 financial report, the company reported it would reduce the number of U.S. Lindt boutiques in shopping malls over the next few months and focus on flagship and outlet stores. Specifically, the company intends to close around 50 of its 80 U.S. retail boutiques. The closures will allow the company to save money while allowing its customers to purchase products at discount stores and remaining Lindt stores.
The company’s outlook for 2009 includes organic growth of 2% to 5%, below the company’s long-term target growth of 6% to 8%. It also estimates to earn between $220-237 million in 2009, down about 29% from 2008 earnings.
Lindt to close boutiques in United States
April 9, 2009