A.C. Moore Closing Craft Stores, Two Locally
The A.C. Moore store (at top) in Royersford
MOORESTOWN NJ – The parent company of the A.C. Moore arts and crafts stores said Tuesday (Nov. 26, 2019) it intends to close all 145 of its retail locations, including those in West Pottsgrove and Upper Providence townships, because it was “very difficult for us to operate and compete on a national level” against online competitors like Amazon and Etsy, and brick-and-mortars like Target and Joann.
A.C. Moore’s website has already stopped accepting orders, but previous orders won’t be impacted, its parent, New Jersey-based Nicole Crafts, announced in a media release. Information about specific store closure sales also will soon be posted on its website. Among stores to be shuttered are those at the Upland Square Shopping Center in West Pottsgrove, and The Court at Upper Providence in Royersford.
Up to 40 store locations, not yet identified, will be taken over and leased by The Michaels Companies Inc., one of A.C. Moore’s strongest rivals. They’re expected to re-open under the new brand next year. Michaels, which already operates stores in Pottstown Center on Shoemaker Road, and in Providence Town Center in Collegeville, also will acquire an East Coast distribution facility.
CNN reported 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.”
Coresight Research estimates that more than 9,000 store closures have occurred in the United States this year, roughly 40% more closures than all of last year.
Photo from Google Images