BNET Industries
Market Cap:$68.3M
Last Fiscal Year Sales:$534.6M
- Public
- US
Dow Jones Description
A.C. Moore Arts & Crafts is a rapidly growing operator of stores that offer a vast assortment of traditional and contemporary arts, crafts and floral merchandise for a wide range of customers. Success to date is attributable to providing the widest selection of high quality merchandise at everyday value prices, in an inviting attractive store environment with superior service and a high in-stock position. As of January 03, 2009 the Company operated 132 stores throughout the eastern United States.
President, Chief Executive Officer and DirectorRick Lepley
Number of Employees 1,763
Peer Companies
NAICS Code Hobby, Toy, and Game Stores: 451120
Recent Events
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A.C. Moore Arts & Crafts raises $10 million in private placement
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Stern Named CFO At A.C. Moore
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David Stern Joins A.C. Moore as Chief Financial Officer
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Jo-Ann Stores Q1 profit more than doubles; reaffirms full year outlook
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David Abelman Joins A.C. Moore as Chief Marketing and Merchandising Officer
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A.C. Moore Announces Departure of Michael Zawoysky
News & Analysis
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a.c. moore arts & crafts inc. - All News and Analysis
A.C. Moore Arts and Crafts Q3 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Our first question is from Karru Martinson Deutsche Bank. Karru Martinson Deutsche Bank When we look forward here in terms of fuel pricing and freight costs that you saw this past quarter? What's the environment there and your ability to kind...
Seth Klarman, Meryl Witmer and Marty Whitman - Q2 2008 Portfolio Moves
Davy Bui submits: Seth Klarman’s Baupost Group continues its move into the healthcare sector asevidenced by the latest Q2 13F-HR filing: Baupost opened big positions in UnitedHealth Group UNH and Liberty Media. The UNH position complements last quarter’s WLP position, which was augmented 24% in Q2. Additionally, by my...
A.C. Moore Arts & Crafts, Inc. Q2 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Our first question comes from Caru Martinson - Deutsche Bank. Caru Martinson - Deutsche Bank I just wanted to follow up on the same store trends here. What are you seeing in terms of customer traffic here versus pricing and just kind of...
A.C. Moore Arts & Crafts, Inc. Q1 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Karru Martinson of Deutsche Bank. Karru Martinson - Deutsche Bank Securities In terms of the comps here how much of that was traffic versus price? Joseph Jeffries [Audio gap] we’ve seen it in traffic. Karru Martinson...
A.C. Moore Arts and Crafts Q4 2007 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from the line of Seth Basham with Credit Suisse. Seth Basham – Credit Suisse A couple questions, since you talked about the outlook for 2008 Rick maybe you could give us a broad overview of why you are expecting down...
A.C. Moore Arts & Crafts, Inc. Files Registration Statement for Public Offering of 2,550,000 Shares of Common Stock
Business Editors BLACKWOOD, N.J.--BUSINESS WIRE--Jan. 10, 2002 A.C. Moore Arts & Crafts, Inc. (Nasdaq:ACMR) announced today that it has filed a registration statement with the Securities and Exchange Commission for a proposed underwritten public offering of 2,550,000 shares of its common stock through an underwriting group led by...
Additional Resources
A.C. Moore crafting a turnaround
On its face, yesterday's news that A.C. Moore Arts & Crafts Inc. would close a batch of stores may have seemed like just another retail retrenchment during what some call a recessionary downturn. But to analysts closely watching the $560 million chain of craft stores based in Berlin, N.J., the...
South: Presidency a Blank Canvas
BERLIN Last week A.C. Moore Arts & Crafts Inc. announced that company president Lawrence Fine had resigned all of his positions "for personal reasons." He was named president in June 2001, became chief operating officer in February 2003, and had served on the board of directors since August 2002....
People in the News |
ALM, formerly American Lawyer Media Inc., named Hal Cohen publisher of the Pennsylvania Newspaper Group in Center City. The group includes The Legal Intelligencer , Pennsylvania Law Weekly , Delaware Law Weekly , specialty books, directories and Web sites. Cohen had been director of business operations for ALM Newspaper Group...
A.C. Moore quarterly loss widens
Specialty retailer A.C. Moore Arts & Crafts Inc. said executive severance costs and stock option expenses contributed to a widened third-quarter loss. The Berlin arts and crafts retailer said its net loss for the three months that ended Sept. 30 was $2.6 million, or 13 cents per share, compared to...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Rick Lepley | President, Chief Executive Officer and Director |
| Joseph Coradino | Trustee, Pennsylvania Real Estate Investment Trust, President of Preit Services |
| Dennis P Hodgson | CIO & Vice President |
| Leslie Gordon | CFO & Executive Vice President |
| Jeffrey C. Gerstel | Executive Vice President, Store Operations |
| Joseph A. Jeffries | Executive Vice President of Operations |
| Craig R. Davis | Senior Vice President, Merchandising and Marketing |
| Jason Cesare | Senior Vice President, Finance |
| Amy Rhoades | Vice President, General Counsel |
| Barbara Seman | Vice President, Marketing |
| Daniel C. Maguire | Vice President, Store Operations |
| David M. Frawley | Vice President, Advertising & Marketing |
| Joette Metzler | Vice President, Mdse Sys Admin |
| Michael J. Metheny | Vice President, Supply Chain |
| Robert J. Grimsley, JR | Vice President, Real Estate |
| Rodney B. Schriver | Vice President |
| Roxanne Stankiewicz | Vice President, Human Resources |
| Sandra L. Smith | Vice President, General Merchandise Manager |
| Richard J. Drake | Director of A.C. Moore |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Michael J. Joyce | Chairman of the Board |
| Eli J Segal | Board of Directors |
| Lori J. Schafer | Board of Directors |
| Michael G. Zawoysky | Board of Directors |
| Neil A. McLachlan | Board of Directors |
| Thomas S. Rittenhouse | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| A.C. Moore Arts & Crafts, Inc. | President, Chief Executive Officer and Director | Current |
| A.C. Moore Arts & Crafts, Inc. | Board of Directors | Current |
President of PREIT Services, LLC and PREIT-RUBIN, Inc. since June 2004 and Executive Vice President-Retail Division since 2001. Executive Vice President-Retail Division and Treasurer, PREIT-RUBIN, Inc. from 1998 to 2004. Director of A.C. Moore Arts & Crafts, Inc. since 2006. Trustee of Chestnut Hill College. Trustee of the YMCA of Greater Philadelphia.
| Organization | Position | Status |
|---|---|---|
| Pennsylvania Real Estate Investment Trust | President | Current |
| A.C. Moore Arts & Crafts, Inc. | Trustee, Pennsylvania Real Estate Investment Trust, President of Preit Services | Current |
| The Center for Leadership Studies | Current | |
| National Council YMCA of the USA | Board of Directors | Current |
| National Adoption Center | Director | Current |
| Pennsylvania Real Estate Investment Trust | Treasurer | Current |
| A.C. Moore Arts & Crafts, Inc. | Board of Directors | Current |
| Pennsylvania Real Estate Investment Trust | Executive Vice President, Retail Division | Former |
| Pennsylvania Real Estate Investment Trust | Trustee | Former |
| The University of Arizona | degrees in City Planning | Former |
| Organization | Position | Status |
|---|---|---|
| A.C. Moore Arts & Crafts, Inc. | CIO & Vice President | Current |
| A.C. Moore Arts & Crafts, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| A.C. Moore Arts & Crafts, Inc. | CFO & Executive Vice President | Current |
| A.C. Moore Arts & Crafts, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| A.C. Moore Arts & Crafts, Inc. | Executive Vice President, Store Operations | Current |
| Organization | Position | Status |
|---|---|---|
| A.C. Moore Arts & Crafts, Inc. | Executive Vice President of Operations | Current |
| A.C. Moore Arts & Crafts, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| A.C. Moore Arts & Crafts, Inc. | Senior Vice President, Merchandising and Marketing | Current |
| A.C. Moore Arts & Crafts, Inc. | Board of Directors | Current |
| Jo-Ann Stores, Inc. | Vice President | Former |
| Jo-Ann Stores, Inc. | General Merchandise Manager | Former |
| Garden Ridge Corporation | Divisional Merchandise Manager | Former |
| Organization | Position | Status |
|---|---|---|
| A.C. Moore Arts & Crafts, Inc. | Senior Vice President, Finance | Current |
| Organization | Position | Status |
|---|---|---|
| A.C. Moore Arts & Crafts, Inc. | Vice President, General Counsel | Current |
| Blank Rome Llp | Attorney | Former |
| A.C. Moore Arts & Crafts, Inc. | General Counsel | Former |
| Organization | Position | Status |
|---|---|---|
| A.C. Moore Arts & Crafts, Inc. | Vice President, Marketing | Current |
| A.C. Moore Arts & Crafts, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| A.C. Moore Arts & Crafts, Inc. | Vice President, Store Operations | Current |
| A.C. Moore Arts & Crafts, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| A.C. Moore Arts & Crafts, Inc. | Vice President, Advertising & Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| A.C. Moore Arts & Crafts, Inc. | Vice President, Mdse Sys Admin | Current |
| A.C. Moore Arts & Crafts, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| A.C. Moore Arts & Crafts, Inc. | Vice President, Supply Chain | Current |
| A.C. Moore Arts & Crafts, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| A.C. Moore Arts & Crafts, Inc. | Vice President, Real Estate | Current |
| A.C. Moore Arts & Crafts, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| A.C. Moore Arts & Crafts, Inc. | Vice President | Current |
| A.C. Moore Arts & Crafts, Inc. | Controller | Current |
| Organization | Position | Status |
|---|---|---|
| A.C. Moore Arts & Crafts, Inc. | Vice President, Human Resources | Current |
| A.C. Moore Arts & Crafts, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| A.C. Moore Arts & Crafts, Inc. | Vice President, General Merchandise Manager | Current |
| A.C. Moore Arts & Crafts, Inc. | Board of Directors | Current |
| A.C. Moore Arts & Crafts, Inc. | General Merchandise Manager | Former |
| Organization | Position | Status |
|---|---|---|
| A.C. Moore Arts & Crafts, Inc. | Director of A.C. Moore | Current |
| A.C. Moore Arts & Crafts, Inc. | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| A.C. Moore Arts & Crafts, Inc. | Chairman of the Board | Current |
| Crafts Inc. | Chairman of the Board | Current |
| Brandywine Realty Trust | Director | Current |
| A.C. Moore Arts & Crafts, Inc. | Board of Directors | Current |
| Heritage Property Investment Trust, Inc. | Board of Directors | Current |
| Allegheny Technologies Incorporated | Board Director | Current |
| Brandywine Realty Trust | Trustee | Current |
| Greater Boston Chamber of Commerce, Inc. | member | Former |
| The Boston Club | Chairperson | Former |
| Organization | Position | Status |
|---|---|---|
| Schoolsports, Inc. | Chairman of the Board | Current |
| A.C. Moore Arts & Crafts, Inc. | Board of Directors | Current |
| Brandeis University | Board of Directors | Current |
| Stonebridge International LLC | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| SAS Institute Inc. | Vice President of the Global Retail Practice | Current |
| Tradestone Software, Inc | Director | Current |
| Crafts Inc. | Director | Current |
| Geovue, Inc. | Board of Directors | Current |
| A.C. Moore Arts & Crafts, Inc. | Board of Directors | Current |
| Marketmax Inc. | Chief Executive Officer | Former |
| Marketmax Inc. | President | Former |
| Marketmax Inc. | Chairman | Former |
| Trans World Entertainment Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| A.C. Moore Arts & Crafts, Inc. | Board of Directors | Current |
| A.C. Moore Arts & Crafts, Inc. | Executive Vice President & Chief Financial Officer | Former |
| Organization | Position | Status |
|---|---|---|
| MeadWestvaco Consumer & Office Products | President, Consumer Office Products | Current |
| MeadWestvaco Corporation | President, Consumer & Office Products Group | Current |
| A.C. Moore Arts & Crafts, Inc. | Board of Directors | Current |
| Poly-Matrix Inc. | President, Meadwestvaco Consumer & Office Products | Former |
| Fisher-Price, Inc. | Senior Vice President | Former |
| Fisher-Price, Inc. | General Manager | Former |
| Fisher-Price, Inc. | Marketing | Former |
| Indiana University | BA, Marketing | Former |
Mr. Rittenhouse was President and Chief Executive Officer of the Uniform Code Council, Inc. (UCC) from 1997 to 2004. The UCC is a global corporation which develops standards and technologies which have advanced the industry's adoption of intelligent business strategies to reduce costs and increase efficiencies throughout the entire supply chain. Under Mr. Rittenhouse's leadership, the UCC grew from 24 associates headquartered in Dayton , Ohio to over 250 associates worldwide from its current headquarters located outside Princeton , New Jersey . UCC led the effort to fund important research at the Auto-ID Center at the Massachusetts Institute of Technology, which resulted in the practical, multi-industry application of Electronic Product Code (EPC), low cost radio frequency technology, to the global supply chain. Prior to joining UCC, Mr. Rittenhouse had a successful 32-year career in the retail industry, ultimately serving as Vice President of Operations, Administration and Controller of Strawbridge & Clothier. He is active in a number of non-profit and civic organizations. Mr. Rittenhouse's current board and committee appointments include the Executive Committee and Chair of the Audit and Compensation Committees of Boardwalk Bank; Board of Directors and Chairman of the Audit and Compensation Committees of StarCite Inc.; Board of Directors of Loftware, Inc.; and Chair of the Board of Managers of Old Pine Community Center. He formerly served as Chairman of the Board of Directors, National Retail Federation Information Systems Division. He earned a B.S. in Business Administration at LaSalle University , Philadelphia .
| Organization | Position | Status |
|---|---|---|
| Ralston Center | Managing Director | Current |
| Ralston Center | Consultant | Current |
| A.C. Moore Arts & Crafts, Inc. | Board of Directors | Current |
| Loftware, Inc. | Director | Current |
| Boardwalk Bancorp, Inc. | Board of Directors | Former |
| La Salle University | B.S. In Business Administration | Former |
Executive News
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As SugarHouse starts, Foxwoods flounders
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Pennsylvania REIT: A Bargain in the Retail Sphere
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A.C. Moore Completes a $10.0 Million Private Placement
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