CONTINUED CRAFT CONSOLIDATION: The parent company of craft retailer, A.C. Moore, has announced it is exiting the retail business. This means the closure of roughly 145 A.C. Moore stores. Michaels has

CONTINUED CRAFT CONSOLIDATION: The parent company of craft retailer, A.C. Moore, has announced it is exiting the retail business. This means the closure of roughly 145 A.C. Moore stores. Michaels has the option to assume "up to 40" A.C. Moore leases and that of a distribution center on the East Coast. Michaels will also acquire intellectual property related to A.C. Moore. The closures and rebranding efforts are expected to take place over the course of 2020. Earlier this year, Michaels announced it was shuttering their alternative retail concept, Pat Catan's. A small number of those stores have since reopened as Michaels stores.

CHAINSTOREAGE.COM

A.C. Moore going out of business; some stores to reopen as Michaels

The A.C. Moore chain of arts and crafts stores is calling it quits.

Source: https://m.facebook.com/story.php?story_fbid=3317950404898393...

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Emily Lewis

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