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  • 2019-11-27 (xsd:date)
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  • Did A.C. Moore Announce It's Closing All of Its Stores? (en)
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  • In late 2019, we received multiple inquiries from readers about the veracity of reports that the New Jersey-based, arts-and-crafts retail chain A.C. Moore was about to go out of business and had announced it would be closing all its stores. The New York Post, CBS News, and CNN were among the many national news outlets to report the development. Those reports were accurate. On Nov. 25, A.C. Moore's parent company published a press release that stated that: The first A.C. Moore store was opened in Moorestown, New Jersey, in 1985 and the company grew to occupy more than 134 locations along the East coast by 2011, when another South Jersey arts-and-crafts distributor, Sbar's, acquired A.C. Moore through its affiliate, Nicole Crafts. According to the Nov. 25 press release, A.C. Moore again grew to occupy 145 stores and employ more than 5,000 people, but a hostile retail environment clearly took its toll on the chain, culminating in the 2019 decision to close the business. Michael's, the country's leading arts-and-crafts retailer, will take on the leases of around 40 locations previously home to A.C. Moore stores, according to the announcement, with details to follow. (en)
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