Cupcake shop Crumbs shuttering all its stores including its Ridgewood Location
JULY 8, 2014, 6:39 AM LAST UPDATED: TUESDAY, JULY 8, 2014, 12:40 PM
ASSOCIATED PRESS
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NEW YORK (AP) — Crumbs says it is shuttering all its stores, a week after the struggling cupcake shop operator was delisted from the Nasdaq.
CARMINE GALASSO/RECORD FILE PHOTO
Crumbs Bake Shop in Ridgewood. The chain is closing all its stores, it announced Monday.
The New York City-based company, which had stores in Ridgewood and at the Garden State Plaza, said all employees were notified of the closures Monday. A representative for Crumbs could not immediately say how many workers were affected or how many stores it had remaining on its last day.
“Regrettably Crumbs has been forced to cease operations and is immediately attending to the dislocation of its employees while it evaluates its limited remaining options,” the company said in an emailed statement. That will include filing for Chapter 7 bankruptcy liquidation.
A press release from its website in March listed 65 locations in 12 states and Washington, D.C. The website had not been updated with notification of the closures late Monday.
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Cup cake stores leaving began with losing Car Dealers, and then the stores and shoppers
This is what started the whole problem.
How is that? Were car dealership employees big cupcake eaters?
How often is someone going to buy a $5 cupcake with 1000 calories? It doesn’t even come down to foot traffic: it comes down to foot traffic that has also suspended normal dietary habits. In other words, tourists. Manhattan would support that business model. But places like Ridgewood, GSP or wherever? Nope. Shouldn’t have expanded so much.
I expect Carlos’ will be next.
Car dealers were gone before the cupcake craze.
Shocking … a business built on a fad… how could it fail ?
These guys are no Wharton grads.
Carlos is still open ?
I had one of those cupcakes when the store opened. It was too sweet, too big, and too expensive. I never went back. I can make a dozen much better ones for the same price.