Famous Cupcake Store Closes Doors

crumbsCrumbs is serving up its last delicious cupcake and putting over 800 workers in the unemployment line.  The New York City-based bakery has a total of 65 locations in 12 states; however, declining profits has pushed the company in Chapter 7 bankruptcy.  Citing a decline in sales, the company said that it will be “forced to cease operations” and consider its options including liquidation of its assets through a bankruptcy filing.  Crumbs reported an almost $4 million loss for the first quarter of 2014.

For the full story read, “Cupcake Shop Crumbs Shuttering All Its Stores.

Image credit:  Mr.TinDC