Hey Gang!
Another retailer is closing all of its stores.
New Jersey-based arts and crafts chain A.C. Moore will close its 145 stores, its parent company Nicole Crafts announced in a news release Monday. Up to 40 of the closing locations will become Michaels.
"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," A.C. Moore CEO Anthony Piperno said in the release. "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."
According to the company, plans for the closings will be shared in the upcoming weeks and the A.C. Moore website will stop accepting online orders Monday. Previously placed orders will still ship, the company said.
