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Jan 29, 2009 04:54 PM

What happened to Krispy Kreme?

I don't work in Boston anymore, but I'm hearing that the Krispy Kremes have gone away form the area. Can anyone confirm or deny this? I have been craving a glazed donut and dunkins isn't doing me right.

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  1. I think it's a nationwide problem. The one in Reno, NV, closed also. I grew up with KK's but I'm guessing after the initial swoon, as well as the initial public offering !, it just didn't sing to lots of people. Boo hoo. Every year or two, I need a plain, glazed :(

    1. It is sad that a cottage business that began making Dutch fried yeast cakes in 1937, became an object of Wall Street pariahs in 2000, offering a refreshing alternative after the dot-com bust in the late 90's. The stock came to market at $21 and closed at $37 on the opening day. Incompetent management expanded stores and overhead recklessly, until today when the stock price is $1.40 per share and is losing $.55 per share annually. You can do the math to calculate when this brand with a faithful following since the post-depression era, will soon sink to the bottom of the deep blue sea.
      Too bad.

      1. I bought a bunch of KK stock about 10 years ago. It's been going down since--even before the economy tanked it was worth about 1/10 what I paid for it. Fortunately, it's in my IRA fund with Sharebuilder, and has been worth less than the $16 it would cost to dump it.

        5 Replies
        1. re: Caralien

          Oh, boo :( It makes me sad because I have such fond memories of it.

          1. re: c oliver

            They put a few of those in RI within the past few years. I had it once or twice and wasn't impressed. Too...fluffy or something.

            What the hell is up with Mohegan? There's like 2 or 3 of them in that place with lines going out the door. I don't understand people who buy dozens of donuts at casinos..of all the food there and you're going to take home donuts you can get anywhere. Or sit at a table eating a box of donuts. haha.

            1. re: no0b

              KK had TERRIBLE COFFEE. Many people other than myself often complained the donuts were sickeningly sweet.

              1. re: stormshadow

                There are already many threads on people not liking Krispy Kreme. It's better with a glass of milk, as is cake.

                1. re: stormshadow

                  I thought KK had excellent coffee....more like Tim Hortons, less like that burnt bitter glop that DD's calls coffee.

                  noOb, they only had one in RI, in Cranston.

                  But yeah there is something about KK and casinos. First time I ever had KK was in Vegas, it was a southern family (I heard the accents) middle-aged couple w/the elderly mother of one of them. Breakfast was a dozen KK donuts, a couple of large McDonalds fries poured into the upended top of the donut box, and coffees all around. And they were skinny!

          2. Overexpansion during the Atkins diet craze.
            My teeth hurt when I eat their think its too much sugar?

            1 Reply
            1. re: monku

              Atkin's / Southbeach tanked em.

            2. According to Krispy Kreme's website, they no longer have any stores in Massachusetts. The closest store is at Mohegan Sun in CT.

              3 Replies
              1. re: Delhiwala

                They opened several here in CT to HUGH lines. The cars went down the Berlin Turnpike at the Newington shop. Same in Milford. After a while the hype died down and the Newington store tried to make up for lost business by selling to supermarkets. Unfortunately the zoning prohibited this and they had to stop. They closed not long after that. The funny thing is that building was taken over by CitiBank and they closed a few months after opening too. Jay

                1. re: JayCT

                  Really?? That bank closed too? That's crazy. I always drove by it and thought it was a very interesting choice to put a bank there.

                2. re: Delhiwala

                  KK was never going to break the Dunkin Donuts hold on New Englanders. It wasn't about the donuts (which I find way too sweet) but rather the coffee which was near undrinkable (not that I'm a fan of DD coffee either - I prefer my home brew to any I can get in a store), but New Englanders love the DD coffee (again not sure why, but they do), and once the novelty of the donuts wore off, there wasn't much reason to go back.