Crumbs Bake Shop Inc. notified employees Monday that it would be closing all of its stores at the end of the business day, a spokeswoman for the New York-based cupcake maker said.

"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," the company said in a statement to The Wall Street Journal. Those options could include a bankruptcy filing, the spokeswoman said.

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