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A.C. Moore

Arts and crafts retail chain.

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Reasons for Shutdown

Strong Competition

A.C. Moore struggled due to the rise of online competitors.

A.C. Moore. The 34-year-old retail chain announced that it is closing all of its 145 stores due to the “headwinds facing retailers”.
Anthony Piperno, CEO of A.C Moore, said, “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. 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.”
The arts and crafts space had been struggling due to tough online competition from Amazon and Etsy.

Direct Competitors and Similar Companies

Note: Direct competitors are defined by similarity score of more than 40%, while similar companies are defined by similarity score of less than 40%

No.	Name	Similarity score	Description	Industry	Categories	Location	Ownership status	Entity type	Stage of development	Transactional model type	Defensibility moats	Last financing round	Total raised	Post-money valuation	Last financing date	No. of funding round(s)	No. of investors	Investors	Total revenue	Market capitalization	No. of investments	No. of acquisitions	No. of board seats taken	Competition	Management	No. of employees	Company reputation	Contact info	Operational status	Operational duration	Shutdown date	Founded date	Legal name	Former legal name(s)	Ticker
1.	Shopko Stores	17.7%	A regional discount chain that provided quality goods and services.	Retail	Shopping, Consumer Goods	United States	-	-	-	-	-	M&A	-	-	-	-	-	-	-	-	-	-	-	-	-	10000-10000	-	-	Inactive	-	-	1962	-	-	-
2.	Boo.com	13.2%	Online global sports retail site.	Retail	Clothing, E-Commerce, Shopping	United Kingdom	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	500-1000	-	-	Inactive	-	-	1999	-	-	-
3.	Charlotte Russe	12.1%	A clothing retail chain store.	Retail	Fashion, Lifestyle, Shopping	United States	-	-	-	-	-	M&A	-	-	-	-	-	-	-	-	-	-	-	-	-	5001-10000	-	-	Active	-	-	1975	-	-	-
4.	MrNeeds	9.1%	A micro-delivery startup that provided daily essentials to its customers.	Retail	Delivery, Mobile Applications, Shopping, Grocery	India	-	-	-	-	-	Seed	-	-	-	-	-	-	-	-	-	-	-	-	-	51-100	-	-	Inactive	-	-	2016	-	-	-
5.	Timtara	8.1%	An online shopping destination with products across 15 different categories.	Retail	E-Commerce, Shopping, Internet	India	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10-50	-	-	Inactive	-	-	2010	-	-	-
6.	Zellers	6.0%	A chain discount department retailer.	Retail	Shopping, Consumer Goods, Electronics	Canada	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Inactive	-	-	1931	-	-	-
7.	Tiong Hin Superstore	5.7%	A superstore.	Retail	Shopping, Grocery, Clothing, Food & Beverages	Brunei Darussalam	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Inactive	-	-	1990	-	-	-
8.	Tie Rack	5.3%	Tie retailer that sold scarves, cufflinks, and many other items of clothing.	Retail	Fashion, Shopping, Clothing	France	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1000-5000	-	-	Inactive	-	-	1981	-	-	-

Investors

No.	Image	Name	Investor type	Description	Location	Preferred investment stage(s)	Stages invested in	Assets under management (AUM)	Investment range	Investment sweet spot	Preferred investment focus	Preferred investment geography	No. of investments	No. of lead investments	No. of follow-on investments	No. of co-investments	Portfolio companies	No. of exits	Total exit value	No. of failed investments	Loss on investments	No. of acquisitions	No. of board seats taken	No. of funds	Limited partners	Co-investors	No. of partners	Partners	No. of employees	Management	Board members	Founders	Investor reputation	Contact info	Entity type	Legal name	Former legal name(s)	Founded date	Ticker
-		-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Leadership

No.	Image	Name	Previous designation	Previous company	Previous biography	Previous profile type	Previous location	Experience	Education	Reputation	Current company	Current designation	Current biography	Current profile type	Current location	No. of investments	No. of exits	Total exit value	No. of board seats taken	Contact info
1.		Jack Parker	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
2.		William Kaplan	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Funding

No.	Financing date	Financing round	Total amount raised	Post-money valuation	Financial viability	Fundraising target amount	Remaining target amount	Financing type	No. of investors	Board seats	Lead investors	Entity type	Financing status
1.	5 Jun 2009	Post-IPO Equity	USD 10M	-	-			-	-	-	-	-	Completed