A.C. Moore Arts and Crafts will be closing its retail stores according to an announcement made by parent company Nicole Crafts today.
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. 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. While we will stop accepting further online orders as of today, we will ship any previously placed orders in the ordinary course.”
A.C. Moore currently has approximately 135 locations primarily in the Eastern US. As part of the transaction, The Michaels Companies Inc., will assume leases for up to 40 store locations and a lease on an east coast distribution facility plus purchase intellectual property which will allow the Company to enhance its position as the largest arts and crafts retailer in North America. Michaels CEO, Mark Cosby, noted, “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.”
Piperno added, “While it was a difficult decision for us, this transaction will result in a group of stores reopening under the Michaels banner subject to negotiations with landlords— allowing teams to continue serving the brand’s loyal customers and employ our valued team members in those locations. We believe the transaction was the best option for our employees, customers, vendors, landlords, and other key stakeholders and thank them for their many years of support.”
We’ve reached out to Jonathan Peacock, head of the A.C. Moore Marketplace, to ask about the future of that piece of the business and will post an update if we hear back. It’s also not clear what will happen to Blitsy, the online retailer of arts and crafts supplies that A.C. Moore acquired in 2017.