Retailer A.C. Moore Closing All 145 Stores
A.C. Moore has become the latest company to abandon traditional-brick-and-mortar retail stores as part of a “broader strategic plan.”
Nicole Crafts, A.C. Moore’s parent company, announced on Monday, Nov. 25, that it would be closing down all of its 145 arts-and-crafts stores, including in New York and Connecticut, as part of the mass restructuring.
"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 “Unfortunately, given t…
Amazon’s First Retail Outlet In Connecticut Will Be In Fairfield County.
Amazon is expanding its portfolio, with plans to introduce its first Connecticut brick-and-mortar shop in Fairfield County.
The online retail giant announced it will open a new store in the SoNo Collection mall before the end of the year, marking the company’s first foray in Connecticut.
According to Amazon, the store is expected to offer a variety of products, including books, Amazon devices, electronics, kitchen and home products, toys, books, games, and other items.
"Yes, we're excited to be bringing Amazon 4-star to the Norwalk area, and are currently hiring. Stay tuned for additional…
Bed Bath & Beyond Will Close At Least 40 Stores
Bed Bath and Beyond is planning to close at least 40 stores to help stem losses after it lost $253.8 million in the fourth quarter last year.
The home goods retailer, founded in 1971 and headquartered in Union Township, New Jersey, forecast dismal first-quarter profits, sinking shares in its stock on Friday, Feb. 12 as the company struggles to compete with online retailers such as Amazon.
The 40 stores scheduled for closure were not announced.
While the company, with 1,550 locations and more than 60,000 employees, also announced it plans on opening around 15 new locations,…
