Thread regarding A.C. Moore Arts & Crafts Inc. layoffs

Which AC Moore Stores Are Closing?

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Post ID: @OP+12d1vnVW

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This is per CNN Business Section, the link is below, info announced yesterday:

  • A.C. Moore's will close all of its stores (145 of them)
  • A.C. Moore's website will stop accepting orders immediately
  • Forty of A.C. Moore's stores and an East Coast distribution facility will be acquired by former rival Michaels, which sells similar items.
  • The affected stores will be reopened under the new brand next year.
  • The transaction will help grow Michaels' footprint to roughly 1,300 stores in 49 states and solidify its position as the country's largest arts and crafts retailer.

https://www.cnn.com/2019/11/26/business/ac-moore-closures-trnd/index.html

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Post ID: @iyp+12d1vnVW

All stores will close. 40 will reopen under Michaels.

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Post ID: @lzf+12d1vnVW

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