Are Gourmet Cupcakes on the Way Out?
Recipe of the day
- Parents Required to Sign Permission Slips for Kids to Eat Oreos
- Velveeta Bagel Bites and 9 More Insane Mashups That Could Come Out of the Kraft-Heinz Merger
- Heinz and Kraft Merge to Form World’s Fifth-Largest Food Company
- No More Ketchup Bottle Abuse: This No-Stick Bottle Invention Is Genius
- Olive Tree Disease Strikes Italy
We have been predicting the cupcake's demise for a long time (Slate has been waiting for the sugar crash since 2009), but now the Wall Street Journal has reintroduced the all-important question in the food dessert world: Is the cupcake trend dying?
The business publication puts cupcakes on the chopping block, noting that while Crumbs was trading at more than $13 a share in mid-2011, nowadays the cupcakery's shares are just $1.70. Last Friday, the company said that sales for the year will be down 22 percent from the expected, causing shares to drop 34 percent.
Even worse for the cupcake business, there are quotes from an investment banking firm partner saying things like "the novelty has worn off," and "it's a short-term trend and we're starting to see a real saturation."
So what's next? Nothing quite has the low entry barrier of cupcakes (one of the cons to the business is, after all, that anyone can bake cupcakes), but pies have been trending for a while and have a potential mini-size for party appeal, while gourmet donut shops have been gathering a following. We like betting on pies, just because we're obsessed with the sweet and savory possibilities, but the market will decide.
Be a Part of the Conversation
Join the Daily Meal's Community and Share your Thoughts