EAST BRUNSWICK, NJ - A beloved favorite store of local crafters, designers, teachers, parents, and artists, East Brunswick's A. C. Moore will close in 2020. The stores and the distribution facility that serves them here in New Jersey have been purchased by Michaels, the largest arts and crafts retailer in North America. Originating in Moorestown, A.C. Moore is a family-owned New Jersey business that began in 1985. 145 A. C. Moore locations serve the East Coast.
In a press release from Nicole Crafts, the parent company of A.C. Moore, 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." (This press release was originally published by www.prnewswire.com.)
As part of the transaction, The Michaels Companies Inc., will assume leases for up to 40 store locations, including the one at Mid-State Mall in East Brunswick, and a lease on an east coast distribution facility plus purchase intellectual property. 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."
About A.C. Moore:
A.C. Moore is a specialty retailer offering a vast selection of arts, crafts and floral merchandise to a broad demographic of customers. A.C. Moore specializes in all things arts and crafts: knitting, framing, kid's crafts, art supplies, floral, home décor & seasonal, scrapbooking, cake decorating, and our own Nicole family of products: Premiere, Stitch Studio, Nicole's Kitchen, Bright Minds, Nicole's Boutique, Nicole's Bead Shop and so much more! With over 5,000 Team Members and more than 145 stores from Maine to Florida, A.C. Moore calls Berlin, NJ home to our corporate office and distribution center. We also have offices and distribution centers in Moorestown, NJ, Chicago, IL, as well as Ningbo, China. (company website)