A.C. Moore is closing all of its stores | CNN Business

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A.C. Moore, an arts and crafts retailer, is closing its doors and joining the growing cemetery of dead retail brands .
The 34-year-old caller announced Monday that it will close 145 of its stores, which are primarily scattered across the East Coast. Nicole Crafts, its parent company, said in a crusade release that it was “ identical unmanageable for us to operate and compete on a national level. ”
A.C. Moore ’ s website will stop accepting orders immediately, but previous orders won ’ t be impacted. information about particular memory blockage sales will soon be posted on its web site, the company said.

forty of A.C. Moore ’ second stores and an East Coast distribution facility will be acquired by former rival Michaels, which sells alike items. The affect 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 state ’ second largest arts and crafts retailer .
The craft quad, exchangeable to other sectors, has been facing ruffianly online contest from Amazon ( AMZN ), Etsy ( ETSY ) and other brick-and-mortar rivals like Target ( TGT ) and Joann. The latter revamped its brand last year and dropped “ Fabrics ” from its name to showcase all of the items it sells .
then far, there have been more than 9,000 store closures in the United States this year, according to Coresight Research. That is roughly 40 % more closures than all of last class. Payless, Gymboree, Charlotte Russe and Shopko all went out of business this year .

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