A.C. Moore to close stores, reduce openings in '08

BERLIN, N.J. A.C. Moore Arts & Crafts reported that after a review of its real estate portfolio between March 24 and May 12, it expects to close between seven and 10 store locations in 2008. The company closed one store at the end of 2006 and two stores during 2007.

The company also announced that it has reduced its expected store openings for 2008 from 14 to between eight and 12 stores.