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"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, CEO of A.C. Moore. "During this process, we will continue to provide great customer experience, while still delivering quality and value on your favorite products."
The company is no longer accepting online orders and plans for closing specific A.C. Moore locations will be shared in the upcoming weeks on A.C. Moore’s website, Piperno said.
The Michaels Companies, another popular craft store, will assume leases for up to 40 locations and purchase intellectual property to expand to one of the larges craft retailers in the country.
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It’s unclear if Michaels will take over the Centerville location at this time.
"This transaction enables us to further expand our presence in strategic markets and serve even more customers both online and in store. We are looking forward to re-opening these stores under the Michaels name in 2020 and welcoming new team members," said Michaels CEO Mark Cosby.
There are also two A.C. Moore stores in Columbus and two near Cincinnati.
The Dayton Daily News will provide more information as it becomes available.
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