Arts and crafts retailer A.C. Moore will close their store in Lincoln Plaza in Middletown.
Nicole Crafts, which operates A.C. Moore, announced Monday that the company “decided to exit its retail operations by retaining the retail and real estate divisions of Gordon Brothers to close the A.C. Moore stores, as part of a broader strategic plan.”
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The company operates about 150 stores across the country and will close all of them. Aside from the Middletown location, A.C. Moore has other Bucks County locations in Bensalem and Warminster.
“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,” A.C. Moore CEO Anthony Piperno said.
There was no closing date for the Levittown-area store released by the company. However, new online orders will end as of Monday and existing orders will be fulfilled.
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The Michaels Companies Inc. announced they plan to take over the leases for as many of 40 A.C. Moore stores and open them under Michaels name in 2020. No list of locations were offered, but Michaels operates an existing retail location next to A.C. Moore in Lincoln Plaza.
“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,” Piperno said.
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A.C. Moore started in 1985 in Moorestown, New Jersey.
