Halloween candy sold at Target stores in New York City is noticeably more expensive this year. (Deb Cohn-Orbach\/UCG\/Universal Images Group via Getty Images) <\/p>\n
With perhaps the biggest day of the year<\/a> to buy wrapped gummies and chocolates quickly approaching, a Texas candy company<\/a> has filed for bankruptcy.<\/p>\n Candy Warehouse, an online bulk candy store which markets itself<\/a> as a small family business that’s been around since 1998, filed for Chapter 11 bankruptcy in the Northern District of Texas last week, just ahead of Halloween this Friday.<\/p>\n The Carrollton-based company owes about $3.25 million in debts, the bankruptcy filing<\/a> notes.<\/p>\n With the bankruptcy arriving even in a time of high demand for candy and as candy companies would expect to see booming business (retail sales of Halloween chocolate and candy totaled $7.4 billion in 2024<\/a>), the sweet treat business isn’t immune to economic pressures.<\/p>\n Some candy makers have noted that tariffs are affecting their products, and high cocoa prices<\/a> are notably also being passed on to consumers. Hershey, one of the brands Candy Warehouse carries (alongside names including\u00a0Haribo, Starburst, Sour Patch and Jolly Rancher), has\u00a0reportedly discussed<\/a> how it will change its “price pack architecture.” In other words, consumers can expect to see shrinkflation when last-minute shopping for candy this Halloween.<\/p>\n Meanwhile, the legal proceedings could also come as a boost to Candy Warehouse. Chapter 11 is a type of case often referred to as a “reorganization.” In these scenarios, a debtor can use the time from their bankruptcy filing to the confirmation of their debt repayment plan to reorganize their finances, the Internal Revenue Service says.<\/p>\n Candy Warehouse did not respond to a request for comment. But the company isn’t relying just on individual customers with a sweet tooth; in addition to sales directly to consumers, the company also sells bulk candy to hotels, restaurants, retailers and more.<\/p>\n The company still appears to be in the Halloween spirit and has boasted offerings ahead of the holiday, such as a 57-ounce bag of Mars chocolate favorites and a 145-piece tub of Laffy Taffy.<\/p>\n More Culture<\/p>\n Merch | H-E-B’s latest t-shirt collab was a disaster<\/a> For the latest and best from\u00a0Chron,\u00a0sign up for our daily newsletter here.<\/a><\/p>\n
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