Cupcake chain Crumbs Bake Shop closes stores in LA, elsewhere

America's first public cupcake company, Crumbs Bake Shop, announced late Monday that it will be closing every one of its nearly 50 remaining stores nationwide. The news likely came as a surprise to cupcake fiends countrywide. Could this mark the end of 

Crumbs has finally crumbled. The retailer that sold massive cupcakes such as Cookie Dough and Girl Scouts Thin Mints said Tuesday that it is shuttering all its stores and filing for Chapter 7 liquidation, finally succumbing to a steep drop in sales

Today is a sad day for cupcake lovers all over the country. Crumbs Bake Shop, one of the first gourmet cupcake shops to open in 2003 has announced that they are officially closing all of their stores.

Today is a sad day for cupcake lovers all over the country. Crumbs Bake Shop, one of the first gourmet cupcake shops to open in 2003 has announced that they are officially closing all of their stores.

At the time, Wedbush Securities restaurant analyst Nick Setyan noted that that Crumbs' $3.50-plus-per-cupcake price tag made it an unappetizing prospect versus some of its cheaper regional counterparts — not to mention Krispy Kreme and Dunkin Donuts.