Craig R. Davis Joins A.C. Moore as Senior Vice President of Merchandising and Marketing
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A.C. Moore Arts & Crafts, Inc. (Nasdaq:ACMR) announced today that Craig
R. Davis will join the Company as its Senior Vice President of
Merchandising and Marketing effective July 30, 2007. Mr. Davis has
nearly 30 years of experience in the arts and crafts retail industry.
Rick A. Lepley, President and Chief Executive Officer, said, "We
are extremely pleased to have Craig join our senior management team. He
brings to A.C. Moore extensive industry knowledge and skills, as well as
experience in the implementation of retail merchandising systems. We
believe that Craig will be integral to the enhancement of our
merchandising and marketing strategy to drive sales and improve margin.”
Since 2006, Mr. Davis has served as Vice President, General Merchandise
Manager, Retail for Cracker Barrel Old Country Store, the approximately
$2.0 billion restaurant and gift shop chain. He joined Cracker Barrel in
2005 as a Divisional Merchandise Manager. From 2001 to 2004, Mr. Davis
was Vice President and General Merchandise Manager for Jo-Ann Stores,
Inc., the national fabric and craft retailer. From 1996 to 2001, Mr.
Davis served as Divisional Merchandise Manager for Garden Ridge, Inc.,
the privately held retailer of home décor,
craft and house ware products located in the Midwestern and Southeastern
United States. From 1976 to 1996, he held senior management positions
with various arts and crafts and home décor
retailers, including Metropolitan Plant and Flower, Inc. and Leewards
Creative Crafts, Inc.
About A.C. Moore:
A.C. Moore operates arts and crafts stores that offer a vast assortment
of traditional and contemporary arts and crafts merchandise for a wide
range of customers. The Company operates 124 stores in the Eastern
United States from Maine to Florida. For more information about the
Company, visit our website at www.acmoore.com.
This press release contains statements that are forward-looking
within the meaning of applicable federal securities laws and are based
on A.C. Moore’s current expectations and
assumptions as of this date. The Company undertakes no obligation to
update or revise any forward-looking statement whether the result of new
developments or otherwise. These statements are subject to a number of
risks and uncertainties that could cause actual results to differ
materially from those anticipated. Factors that could cause actual
results to differ from those anticipated include, but are not limited
to, the Company’s ability to implement its
business and operating initiatives to improve profitability, customer
demand and trends in the arts and crafts industry, inventory risks, the
effect of economic conditions and gasoline prices, the impact of
unfavorable weather conditions, the impact of competitors’
locations or pricing, the availability of acceptable real estate
locations for new stores, difficulties with respect to new system
technologies, difficulties in implementing measures to reduce costs and
expenses and improve margins, supply constraints or difficulties, the
effectiveness of and changes to advertising strategies, the costs
associated with a change in management, difficulties in determining the
outcome and impact of litigation, the impact of the threat of terrorist
attacks and war, the Company’s ability to
maintain an effective system of internal control over financial
reporting and other risks detailed in the Company’s
Securities and Exchange Commission filings.
