Arts and crafts supplies retailer A.C. Moore is closing all of its stores, including its location in Fredericksburg.
The New Jersey-based retailer will shutter its 145 locations from Maine to Florida, most of them located along the East Coast. The chain has 14 stores in Virginia.
Its parent company, Nicole Crafts, said Monday that it decided to exit its retail operations.
"For over 30 years, our stores have been servicing the creative community with a vast selection of art and craft materials, with one common focus, the customer," Anthony Piperno, chief executive officer of A.C. Moore, said in a statement. "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."
Plans for closing specific A.C. Moore locations will be disclosed in the upcoming weeks on the chain's website, the company said. The chain said it will stop accepting further online orders, but said it will ship any previously placed orders.
Michaels, the nation's largest arts and crafts retailer, will assume the leases of up to 40 stores, a lease on an East Coast distribution facility and purchase A.C. Moore's intellectual property, A.C. Moore said in a release. The company didn't say which stores Michaels will take over.
A.C. Moore said it has retained the retail and real estate divisions of Gordon Brothers to close the chain's stores.
The retailer opened its first store in Moorestown, N.J., in 1985.
The chain has 13 other stores in Virginia - one each in Charlottesville, Newport News, Lynchburg, Roanoke, Fairfax, Ashburn, five in the Richmond region and two in Virginia Beach.