All Things Apple. Forty of A.C. Moore's stores and an East Coast distribution facility will be acquired by former rival Michaels, which sells similar items. Michaels will report its third-quarter results next week. If you have any comments or … Refine See titles to watch instantly, titles you haven't rated, etc. It did say those 40 locations will continue to employ some of A.C. Moore's current employees. Magdalene St. Michaels was born on June 3, 1957 in Malta. The company is going through a business reorganization and is ending its retail operations. New Jersey-based A.C. Moore, which has been in the arts and crafts retail business for almost 35 years, has decided to exit the retail business and will close 105 stores while Michaels assumes leases at 40 locations. Arts and crafts retailer Michaels picks up 40 stores from competitor A.C. Moore, which decided to close, Michaels closes 36 Pat Catan's stores, cites consumer 'volatility' ahead, Dallas County adds 10 COVID-19 deaths, sees total confirmed and probable cases climb past 180,000, Why does the ‘COVID slide’ look worse in math? As of last week, U.S. retailers had announced closings of 9,083 stores and openings of 4,059 locations this year, according to Coresight Research. Hi everyone! The company also did not say which stores would be reopened as Michaels and said more information on specific store closures will be announced in the “upcoming weeks” on the A.C. Moore … Hobby Lobby, Michaels, and Joann Stores are three of the biggest arts-and-crafts giants in the country. Plans for closing specific A.C. 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