Subscribe to newsletter

UrbanObserver

https://demo.afthemes.com/newsphere/fashion/wp-content/uploads/sites/2/2019/04/cropped-af-themes-main-dark.png

Always Active
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

No cookies to display.

Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.

No cookies to display.

Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.

No cookies to display.

Tuesday, March 18, 2025

Top 5 This Week

Related Posts

Crumbs Bake Shop closes all cupcake stores in US

Cupcake chain Crumbs Bake Shop has said it will shut all its shops, a week after its shares were suspended from trading on the Nasdaq index.

“Regrettably Crumbs has been forced to cease operations,” it said.

The company said it was now evaluating “its limited remaining options”.

Crumbs listed on the stock market in 2011 at the height of the cupcake boom.

Crumbs Bake Shop will shut all its shops, a week after its shares were suspended from trading on the Nasdaq index
Crumbs Bake Shop will shut all its shops, a week after its shares were suspended from trading on the Nasdaq index

It had 65 shops in 12 states and Washington DC as of the end of March, according to its website.

Crumbs, which was founded in 2003, sold cupcakes in flavors such as red velvet cheesecake, peanut butter cup and cookie dough, with some of them containing more than 600 calories.

It sold the cupcakes in sizes varying from a one-inch taster cake to its “colossal” six-inch cake serving six to eight people.

Its fortunes began to decline as its cake sales slowed.

Crumbs reported a loss of $18.2 million last year, which came on top of a $10.3 million loss in 2012.

The company warned in May in an official filing that it “may be forced to curtail or cease its activities” if its operations did not generate enough cash flow.

As of the end of last year, Crumbs listed 165 full-time employees and about 655 part-time hourly employees as working in its stores.

[youtube _o_bij_tZxM 650]

Clyde K. Valle
Clyde K. Valle
Clyde is a business graduate interested in writing about latest news in politics and business. He enjoys writing and is about to publish his first book. He’s a pet lover and likes to spend time with family. When the time allows he likes to go fishing waiting for the muse to come.

Popular Articles