From Deseret News archives:
Krispy Kreme to close a Utah store
"Utah's a great state for us, and it's just now getting to be good doughnut-eating weather: cloudy and gray," said Lincoln Spoor, Krispy Kreme's area developer, by phone from Nevada.
Spoor said the company's Fort Union store, 7535 S. Union Park Ave., will be closing "by the end of the month, if not sooner."
An offer by a bank for the site, together with a change in Krispy Kreme's business model, resulted in the decision to close, Spoor said. The company's business model is changing from one reliant on larger "factory stores" to smaller "tunnel oven" stores, in which doughnuts are not rolled and baked on site but are delivered, reheated in an oven and glazed on site.
"It's a smaller concept, so you can build more of them," Spoor said.
The Sandy closure will be accompanied by a notice to customers that Krispy Kreme isn't going anywhere but rather will be expanding in the state, Spoor said.
"We are looking at some sites downtown, and some sites on the west side" of the Salt Lake Valley, he said. "We're looking closely at the Salt Lake-to-Orem market."
"We want to be more convenient to people," Spoor said. "The way we've done it before is through wholesale. But you can only do that so much until you begin to be less special, and ubiquitous."
The new stores will be about 1,200 square feet to 1,500 square feet. In addition to the company's trademark doughnuts, Spoor said he's also working on cookies and snack cakes.
"They'll equally be able to cause that 'Oh, my gosh,' reaction that people have about the doughnuts," Spoor said.
In addition to the Fort Union location, Krispy Kreme's Utah operations include stores in Layton and Orem.
Founded in 1937 in North Carolina, Krispy Kreme appeared to be a company in transition in its financial report for fiscal 2006, which was due July 31 but filed Tuesday night.
According to the 2006 annual report, average weekly sales per store a number that includes sales at stores where the doughnuts are made and at locations where prepackaged doughnuts are sold decreased 21.9 percent from fiscal 2005 to fiscal 2006, after declining 18.6 percent in the previous year.
Comments
- Welcome home RSL photo gallery 7:13 p.m.
- Truck driver dies in rollover 6:34 p.m.
- Girls basketball rankings 6:31 p.m.
- Boys basketball rankings 6:26 p.m.
- Nordqvist wins at LPGA 6:15 p.m.
- S.L. could up fees to rec facilities 5:55 p.m.
- Utah GOP opposes ethics initiative 5:45 p.m.
- Alternative to climate change? 5:40 p.m.
- Utah sells most 'New Moon' tickets 5:39 p.m.
- The origins of Thanksgiving Day 5:07 p.m.
- Real Champions
- Bronco, Kyle rubber match
- Protests against Phoenix LDS temple
- RSL wins MLS Cup on penalty kicks
- BYU's Lamb, Jorgensen reprimanded
- Plenty on line for rivalry game
- Time for big matchups in WAC, MWC
- BCS at-large bids up for grabs
- Hall, Johnson matchup key
- Is talking about religion taboo?
- Buttars wants to limit gay rights laws
214 - Glenn Beck to enter politics?
212 - RSL wins MLS Cup on penalty kicks
193 - Palin plans tour stop in Utah
178 - BYU records with win
132 - Palin's book shows she's unqualified
131 - Bronco, Kyle rubber match
123 - BYU cuts Women's Research Inst.
103 - Officer cleared in Cardall Taser case
103 - Jazz finally win in San Antonio
99
Are you a small business owner who can't afford a holiday party this year?
Maxine is a headcase and your best player (collie) saw the writing on the...
Someone must think that their "Capri Sun and orange slices" joke is pretty...
Typical Cougars - crying before and after games. Stop whining, Cougs!
@@bill 2:04 p.m.: "Barack Obama is a graduate of Columbia University and...
In my mind, Wingert is our best attacking back, and has the heart of a lion....
As a latter-day saint I have lived in and out of Utah. Never once have I...
Let me answer that before a TV fan gets on here and makes excuses. 21-7 at...
mr. garrett like many many other professors& scientists world wide have...
I just finished the New Testament and there are no "seer stones" in the...
Gays can be mean and petty and lets not forget that there are women who are...



You can be the first to comment on this story.