Tuesday, November 26, 2019

A.C. Moore closing all stores — but some could become Michaels

Arts and crafts retailer A.C. Moore is closing all 145 of its stores across the U.S., although a handful will be turned into Michaels. Two subsidiaries of the Michaels Cos. Inc. (Nasdaq: MIK) have entered into an agreement that gives the retailer the right to lease up to 40 store locations as part of a $58 million deal with A.C. Moore Inc., a public filing shows.  A.C. Moore has five locations in Greater Baltimore; in Bel Air, White Marsh, Owings Mills, Glen Burnie and Severna Park. There is…



from https://www.bizjournals.com/baltimore/news/2019/11/26/a-c-moore-closing-all-stores-but-some-could-become.html?ana=RSS&s=article_search
via https://baltimorecheckbook.tumblr.com/post/189310547607

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