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All A.C. Moore stores are going out of business, including the one in the English Creek Center Shopping Center in Egg Harbor Township.

"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," said Anthony Piperno, chief executive officer of A.C. Moore in a statement.

Plans for the closing of specific A.C. Moore locations will be shared in the upcoming weeks on the company's website, Piperno said.

"While we will stop accepting further online orders as of today (Nov. 25), we will ship any previously placed orders in the ordinary course," Piperno said.

Nicole Brothers, which owns the A.C. Moore stores, will lease up to 40 store locations to The Michaels Companies Inc., along with a lease on an East Coast distribution facility.

The Michaels Companies Inc. is the largest arts and crafts retailers in North America. As of Monday, it was not known whether A.C. Moore in Egg Harbor Township will be one of the stores reopening as a Michaels, but there is a Michaels location in Hamilton Commons in Mays Landing.

"This transaction enables us to further expand our presence in strategic markets and serve even more customers both online and in store," said Mark Cosby, Michaels CEO. "We are looking forward to re-opening these stores under the Michaels name in 2020 and welcoming new team members."

Contact: 609-272-7202

VJackson@pressofac.com

Twitter@ACPressJackson

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