Arts and crafts retailer A.C. Moore has announced it will close all of its 145 stores, including the Holbrook and Selden locations. The 34-year-old company, which is owned by Nicole Crafts, made the announcement in a press release on Nov. 26.
“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.”
Some good news, however, is that arts and crafts retail giant Michaels has announced it will take over 40 of the A.C. Moore locations, keeping those stores open under the Michaels brand.
“This transaction enables us to further expand our presence in strategic markets and serve even more customers both online and in store,” Michaels CEO Mark Cosby said in the release.
“We are looking forward to re-opening these stores under the Michaels name in 2020 and welcoming new team members.”
As of now, A.C. Moore has stopped taking orders on its online site, but previously placed orders will ship to customers. Specific store locations that are closing for good (i.e., not transitioning to a Michaels) will be listed on its website in the coming weeks. The New Jersey-based company has more than 5,000 employees across its stores, corporate offices and distribution centers.