stores closed in az. with no noice a few months ago
2006-10-28 12:36:00 · 7 answers · asked by TEELL42 1 in News & Events ➔ Current Events
I had heard awhile ago that they expanded their stores too quickly and had to start closing stores due to serious losses. THey are still in my state though (MI). Usually co.'s will close unprofitable locations and only keep the profitable ones open.
2006-10-28 12:41:53 · answer #1 · answered by escapegrl1 3 · 1⤊ 0⤋
The Karb Krazies got Krispie Kreme
2006-10-28 12:43:58 · answer #2 · answered by ? 6 · 1⤊ 0⤋
Went from $50 a share to $4 per share before rebounding to $10 per share:
http://finance.yahoo.com/q/bc?s=KKD&t=5y&l=on&z=m&q=l&c=
Grew too fast until the anti-obesity movement gained some steam which resulted in stores being shuttered. Franchisee bankruptcies in certain market areas had little or nothing to do with Krispy Kreme's overall contraction because new franchisees can always be identified.
2006-10-28 12:52:23 · answer #3 · answered by Anonymous · 0⤊ 0⤋
The franchisee in charge of those stores had to file for Chapter 11 bankruptcy.
2006-10-28 13:36:23 · answer #4 · answered by ChrisO_01801 3 · 0⤊ 0⤋
Down sizing, I live in NC near Winston-Salem, home of those damn things. I hate'em, their good and they pack on the pounds.
2006-10-28 13:21:06 · answer #5 · answered by Carolinablues 4 · 0⤊ 0⤋
The public outcry on the obesity problem has seriously cut into their sales nation wide.
2006-10-28 12:39:49 · answer #6 · answered by livingstonseagull43 3 · 2⤊ 1⤋
thats so sad we have a 24 hour one in miami that i just went to last night and they were so good
2006-10-28 12:47:22 · answer #7 · answered by D 3 · 0⤊ 0⤋