So does buying A.C. Moore mean that Michaels might finally now expand their inventory, meaning they will "inherit" what A.C. Moore had? Hopefully so. Hope this means they can lower their prices finally as well.
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I thought they bought AC Moore too. Thank you for clarifying!
MICHAELS IS NOT BUYING AC Moore.
Michaels is merely taking over the leases for "up to 40 locations".
This does not mean they are buying the company. They are just taking over some prime locations that AC Moore will be vacating.