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245:, in association with its affiliate Nicole Crafts, acquired A. C. Moore for $ 1.61 per-share (a valuation of $ 41 million). The buyout was executed as a merger, with A. C. Moore becoming a subsidiary of Nicole Crafts, the Sbar's in-house goods brand. Sbar's seven retail stores were absorbed into A. C. Moore.
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On
November 25, 2019, A.C. Moore announced that it would close all 145 of its locations (with some closing as early as December 15, 2019), and sell the leases for up to 40 locations, a distribution center, and unspecified
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257:. As of June 2020, A. C. Moore was still undergoing the liquidation process. As of July 2020, all stores had been closed, and Michaels had taken over its distribution facility on A. C. Moore Drive in
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In 2011, as A.C. Moore was experiencing a crash crunch, one of its suppliers stepped in to save the company through a merger. Sbar's, an art supplies distributor based in nearby
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175:. On November 25, 2019, A.C. Moore announced that it would wind down its operations, closing all stores, and selling selected leases and other assets to a competitor,
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By 2006, the A.C Moore had peaked with sales of $ 598 million, but these numbers began to decline in the years that followed.
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223:("A. C. Moore" – arts and crafts, Moorestown). Parker, with the position of president, was a merchandising veteran of
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378:"Sbar's Acquisition Corporation Successfully Completes Tender Offer for Shares of A.C. Moore Arts & Crafts, Inc"
206:, framing, greenery and seasonal items. They were known for a policy of discounts and beating competitors' prices.
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A.C. Moore was founded as a single arts and crafts store by Jack Parker and
William Kaplan in 1985 in
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chain, owned by Nicole Crafts. It had 145 retail locations in the eastern
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489:"A.C. Moore Drive in Winslow could follow crafts retailer into oblivion"
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463:"A.C. Moore going out of business; some stores to reopen as Michaels"
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327:"History of A.C. Moore Arts & Crafts, Inc. – FundingUniverse"
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A.C. Moore sold a variety of arts and crafts products, including
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353:"Struggling AC Moore sold to supplier Sbar's for $ 41M"
227:, and Kaplan, CEO, had a career in fashion production.
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List of retailers affected by the retail apocalypse
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550:Defunct retail companies of the United States
565:Companies based in Camden County, New Jersey
117:Arts & crafts, scrapbooking, home decor
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433:"A.C. Moore closing in Foxboro, Seekonk"
230:A.C. Moore went public in October 1997.
202:items, floral items, children's crafts,
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575:Retail companies disestablished in 2020
540:American companies established in 1985
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443:from the original on November 28, 2019
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555:Defunct companies based in New Jersey
570:Retail companies established in 1985
535:2019 disestablishments in New Jersey
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297:"A.C. Moore crafting a turnaround"
295:Panaritis, Maria (June 10, 2008).
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520:1985 establishments in New Jersey
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171:, with corporate headquarters in
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253:assets to the competing chain
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530:2011 mergers and acquisitions
525:1997 initial public offerings
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234:Decline, buyout, and closure
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109:145 (2019; before closure)
545:Arts and crafts retailers
301:The Philadelphia Inquirer
151:Framingham, Massachusetts
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16:Defunct American retailer
331:www.fundinguniverse.com
221:Moorestown, New Jersey
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87:The Michaels Companies
77:The Michaels Companies
251:intellectual property
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75:Defunct; acquired by
382:www.businesswire.com
351:DiStephano, Joseph.
431:Peterson, Stephen.
412:. November 25, 2019
384:. November 17, 2011
105:Number of locations
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560:Berlin, New Jersey
173:Berlin, New Jersey
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127:Sbar's (2011–2019)
97:Berlin, New Jersey
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437:The Sun Chronicle
271:Retail apocalypse
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162:arts and crafts
147:Shopper's World
135:www.acmoore.com
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496:. Retrieved
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487:Walsh, Jim.
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470:. Retrieved
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184:scrapbooking
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93:Headquarters
36:Company type
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472:January 18,
259:Winslow, NJ
225:Woolworth's
514:Categories
362:October 3,
357:Philly.com
282:References
243:Moorestown
200:home decor
158:A.C. Moore
40:Subsidiary
83:Successor
67:July 2020
22:A.C.Moore
498:July 28,
441:Archived
388:July 28,
336:July 28,
265:See also
255:Michaels
192:knitting
177:Michaels
114:Products
46:Industry
409:WBAL-TV
306:May 22,
210:History
188:beading
132:Website
64:Defunct
56:Founded
204:paints
165:retail
123:Parent
50:Retail
500:2020
474:2020
449:2019
418:2019
390:2020
364:2017
338:2020
308:2009
72:Fate
59:1985
149:in
145:At
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