Add one more retailer to the list of company closings over the past year. Arts and crafts store A.C. Moore recently announced it will shutter 145 locations, mainly on the East Coast.
As of now, the company hasn’t posted specific store closures and will continue to fill previous online orders. The company will no longer take new online orders.
photo: JJBers via Flickr
According to a press release, The Michaels Companies Inc. (the owner of Michaels craft stores) will take over the leases for up to 40 current A.C. Moore East Coast locations. Michaels CEO, Mark Cosby, said, “This transaction enables us to further expand our presence in strategic markets and serve even more customers both online and in store. We are looking forward to re-opening these stores under the Michaels name in 2020 and welcoming new team members.”
Of the store closings, Anthony Piperno, Chief Executive Officer of A.C. Moore, said, “For over 30 years, our stores have been servicing the creative community with a vast selection of art and craft materials, with one common focus, the customer. Unfortunately, given the headwinds facing many retailers in today’s environment, it made it very difficult for us to operate and compete on a National level. ”
Piperno added, “During this process, we will continue to provide great customer experience, while still delivering quality and value on your favorite products. Plans for closing specific A.C. Moore locations will be shared in the upcoming weeks on our website.”