<span class="articleLocation">A.C. Moore has agreed to be bought by an affiliate of privately held larger rival Sbar's for about $40.8 million in cash. The Sbar's affiliate will pay $1.60 for each A.C. Moore share, a 68 percent premium. A.C. Moore, which also withdrew its outlook, said the Sbar's affiliate received a financing commitment from Wells Fargo to provide debt financing for the deal.
BERLIN, N.J. — A.C. Moore Arts & Crafts saw sales for its second quarter decrease 0.8% to $99 million from $99.9 million last year. According to the company, the decrease was primarily due to a decrease in comparable-store sales of 0.7%. Net loss for the quarter was $7.9 million, or 32 cents per share, compared with a net loss of $9.7 million, or 40 cents per share in the second quarter of last year. Joseph Jeffries, CEO, stated, “As we move toward our peak selling season, we are focused on executing our merchandising and operating plan.” Sales for the
East Coast Retailer Offers Kids Crafts Close to BERLIN, N.J., June 7, 2011 /PRNewswire/ -- A.C. Moore Arts & Crafts A recent survey of 1,000 Americans by TNS Worldwide for A.C. Moore revealed that 63% of Americans reported that finding activiti
Berlin, N.J. -- A.C. Moore Arts & Crafts reported Tuesday that net loss for the quarter ended Jan. 1 was $4.8 million, widened from a loss of $500,000 in the year-ago period. Sales for the fourth quarter decreased 4.4% $143.2 million, from $149.7 million. Same-store sales fell 4.3%.
DOW JONES NEWSWIRES A.C. Moore Arts & Crafts Inc.'s (ACMR) board said the company is exploring its strategic alternatives, including a possible sale, indicating it has received third-party expressions of interest.
The more active a brand is on Facebook, the better chance consumers will "Like" it. This was the key finding from a recent study on retailers’ growth on Facebook conducted by marketing agency Media Logic. The study spanned from July 2010 to September 2010, and saw over 100 retailers grow their fanbase by exceptional margins. The 10 days leading up to Black Friday weekend were no different, and retailers "liked" what they saw.