Wall Street Cupcake Crash - 47 ABC - Delmarva's Choice

Wall Street Cupcake Crash

Posted: Updated:

SALISBURY, Md. - Cupcake lovers, this one is for you. Wall street has declared a crash on the cupcake industry! For example, Crumbs Bake Shop, which makes more than fifty varieties of gourmet cupcakes, had their stock value drop from 13-30 in 2011 to only a $1.29!

But a local bakery in Salisbury tells WMDT that here on the Eastern Shore, we shouldn't worry about the business leaving anytime soon. Cake Art's owner, Susan Patt, says "we haven't noticed any change in our business based on what's happening around the country. We feel we are kind of behind the times so we will probably notice the difference in the next few years." Cake Art is relatively new, having been in business for 3 years.

The Wall Street Journal says an easy-to-enter market led to the over saturation of cupcake bakeries across the nation, not just in Manhattan.

  • Local NewsDelmarva HeadlinesMore>>

  • DE Falls Short Of Revenue Estimates, May Face Budget Cuts

    DE Falls Short Of Revenue Estimates, May Face Budget Cuts

    Tuesday, April 22 2014 10:38 PM EDT2014-04-23 02:38:27 GMT
    DELAWARE - Lawmakers in the first state may face hurdles as they work on a budget for the upcoming fiscal year.More >>
    DELAWARE - Lawmakers in the first state may face hurdles as they work on a budget for the upcoming fiscal year.More >>
  • "Right To Work Zones" Could Come To DE

    "Right To Work Zones" Could Come To DE

    Tuesday, April 22 2014 10:22 PM EDT2014-04-23 02:22:55 GMT
    DELAWARE - In an effort to revitalize Delaware’s manufacturing industry, state Senate and House Republican leaders reportedly announced legislation to create “right-to-work” zones in Delaware on Tuesday.More >>
    DELAWARE - In an effort to revitalize Delaware’s manufacturing industry, state Senate and House Republican leaders reportedly announced legislation to create “right-to-work” zones in Delaware on Tuesday.More >>
  • More Than 170 Signs Set To Enforce Smoking Ban In Rehoboth

    More Than 170 Signs Set To Enforce Smoking Ban In Rehoboth

    Tuesday, April 22 2014 10:17 PM EDT2014-04-23 02:17:19 GMT
    REHOBOTH BEACH, Del. - 171 signs are going up to enforce a smoking ban in Rehoboth.More >>
    REHOBOTH BEACH, Del. - 171 signs are going up to enforce a smoking ban in Rehoboth.More >>
  • ContestsMore>>

  • Spring Gas Giveaway

    Spring Gas Giveaway

    Let WMDT fill up your tank! It's time for our Spring Gas Giveaway! More >>
    Enter for your chance to win a $100 Exxon/Mobil Gas Card!More >>
  • Teacher Who Makes A Difference

    Teacher Who Makes A Difference

    The WMDT 47 Teachers Who Make a Difference Contest is Sponsored by Accurate Optical: "Encouraging children of all ages to come in for an annual eye exam to help them see better in school." Each month weMore >>
    The WMDT 47 "Teachers Who Make a Difference" Sponsored by Accurate Optical Encouraging children of all ages to come in for an annual eye exam to help them see better in school.More >>
Powered by WorldNow
Powered by WorldNow All content © Copyright 2000 - 2014 WorldNow and WMDT. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.