Crumbs Bake Shop officially closed all 48 locations on Monday. The same day all employees found out they would be losing their jobs according to the Wall Street Journal.
“Regrettably Crumbs has been forced to cease operations and is immediately attending to the dislocation of its devoted employees while it evaluates its limited remaining options,” Crumbs told the Journal in a statement.
As the cupcake craze diminished, so did the success of Crumbs Bake Shops. The company went public three years ago at the height of the cupcake popularity, but has continued to decrease in sales since then.