Jessica Durando

USA TODAY

Is the cupcake craze over?

Crumbs Bake Shop announced that it would be closing all of its stores at the end of business Monday, the Wall Street Journalreports.

"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.

One of those options could be bankruptcy filing, the newspaper reports.

The shop first opened in March 2003 in Manhattan, N.Y. The company went public in 2011 but has been suffering as the cupcake boom has deflated, the Journal reports.

It currently has stores in 10 states and the District of Columbia, according to its website.

Folllow @jessicadurando on Twitter