Nearly 500 workers are being let go as Ac Moore Near Me which announced in November that it would be closing all of its shops after years of struggling, shuts down operations.
Three hundred and eighty-three employees at the company’s headquarters and a distribution facility at 130 A.C. Moore Drive in Berlin, N.J. were notified of layoffs on February 9 via two Worker Adjustment and Retraining Notifications filed with the New Jersey Department of Labor.
Sbars Inc.’s 300,000-square-foot distribution warehouse at 14 Sbar Blvd. in Moorestown, New Jersey, employs another 82 people. On February those workers will be terminated. In 2011, Ac Moore Near Me was purchased by Sbars.
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New Owner is Selling Off All of A.C. Moore’s
A.C. Moore has been sold the business said in a document related to its Berlin office. The new owner is selling off all of A.C. Moore’s assets and closing down operations. That will be the end for A.C. Moore. The parent business, Nicole Crafts, announced in November that it would be selling up its retail assets, which included the closure of all Ac Moore Near Me locations.
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Plans To Shut Down the Moorestown Location
Mackinac Partners is a restructuring and advising business, and A.C. Moore directed all calls to Matthew Pasucci. Unfortunately, Pasucci was not available for comment at this time. The firm said in its filing that it expects to lay off a large number of workers at its Moorestown location because of the impending closure of all Ac Moore Near Me Inc. stores in February or March. Sbar’s Inc. plans to shut down the Moorestown location after operations have been wound down. There will be no rehiring after these layoffs.
Solidifying Its Position as the Leading Arts and Crafts Store
All 145 A.C. Moore locations are scheduled to shut, but Michaels Co. Inc. has agreed to take over the leases and reopen them as Michael’s shops this year. Michaels will buy A.C. Moore’s intellectual property and take over the lease on an East Coast distribution facility in Winslow, New Jersey, solidifying its position as the leading arts and crafts store in North America. It operates 1,260 locations in the United States.
Formed an Exclusive Alliance
For a long time, A.C. Moore struggled to make ends meet and attempted several strategies to increase sales and remain competitive in the do-it-yourself retail sector. Last year, it expanded into New Jersey’s Haddon Township by opening a small-format shop there. To increase their sales, online arts and crafts shop Nicole Crafts purchased rival Blitsy in 2017 and formed an exclusive alliance as part of a larger investment in Zibbet, a platform for handmade goods.
Many Stores will be Closing for Good
It has been decided to permanently shutter all 145 Ac Moore Near Me stores. According to a press release issued by parent firm Nicole Crafts, as many as forty stores in the network may be renamed Michaels. The A.C. Moore chain of craft stores is based on the East Coast of the United States.
Don’t Accept Orders Online Anymore
Formerly located in Moorestown, the firm has relocated to Berlin. CEO Anthony Piperno issued a statement saying the company will stop accepting online orders and would post information on the closure of individual A.C. Moore stores on the Ac Moore Near Me website.
Superb Assistance while Preserving High Standards
Piperno stated in a statement that the difficulty of doing business today was so great that it prevented them from competing on a national basis. We assure you that the great quality and low prices you’ve come to expect won’t change, and that our dedication to serving you will endure during this transition.
Find an AC Moore Near Me
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Home Base in Berlin
The Berlin-based arts and crafts retailer A.C. Moore has announced that all 140 of its stores would close. Anthony Piperno, CEO of A.C. Moore. Given the headwinds facing many retailers today, it made it very difficult for us to operate and compete on a national level. Another major retailer, Michaels, has committed to assume the leases of up to forty Ac Moore Near Me locations on the East Coast.
Encourages Creative Thinking in the Handmade Goods Sector
The A.C. Moore Company is owned by a family and is dedicated to encouraging creativity in the handmade goods sector. Established in 1985, the company’s initial retail outlet can be found in Moorestown. Preschool teacher Michelle often visits Ac Moore Near Me and Michael’s to stock up on materials. It is estimated that the company employs about 5,000 workers. No firm date has been set for the beginning of the closures.
Leading Retailers of Craft Materials
Medium-sized arts, crafts, and sewing retailer Ac Moore Near Me sells its wares and at ac Moore website. A.C. Moore competes with other leading retailers of craft materials. In the highly competitive online arts, crafts, and sewing market, A.C. Moore offers goods with a medium minimum order value on its own website and partner sites.