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Former arts and crafts retail chain that closed all 135+ stores in 2019-2020 after bankruptcy; 40 locations converted to Michaels, leaving Michaels and Hobby Lobby as dominant craft retailers.
AC Moore was an arts and crafts specialty retail chain that operated 135+ stores primarily in the eastern United States — offering art supplies, framing, fabric, seasonal crafts, and home décor materials to DIY enthusiasts and crafters. Founded in 1985 in Moorestown, New Jersey by Jack Parker, AC Moore competed in the specialty craft retail market alongside Michaels and Hobby Lobby until closing all of its stores in 2019-2020 after filing for bankruptcy protection. The chain's entire store portfolio was closed and approximately 40 locations were converted to Michaels stores.\n\nAC Moore's business model was similar to Michaels — big-box format stores with extensive craft supplies, regular weekly promotional sales (often percentage-off coupon events similar to Michaels' famous blue coupons), and custom framing services. The company had geographic concentration in the Mid-Atlantic and Northeast, with a loyal regional customer base that valued the store's assortment for needlecrafts, scrapbooking, and seasonal decorating. AC Moore's closure left its Mid-Atlantic customer base to shift to Michaels and, in some locations, Hobby Lobby.\n\nIn 2025, AC Moore exists as a historical brand reference — the company completed its store closures in 2020 and is no longer operating as a retail business. The craft retail market consolidation continued with AC Moore's closure and Jo-Ann Fabric's 2024 bankruptcy, leaving Michaels and Hobby Lobby as the two dominant specialty craft retailers in the United States. The former AC Moore customer base was partially captured by the 40 Michaels conversions from AC Moore locations, providing geographic coverage continuity for craft enthusiasts in the Northeast and Mid-Atlantic markets where AC Moore had operated.
Amazon (AMZN) reported $638B revenue in FY2024, up 11% YoY. AWS revenue $105.3B (+19%). Market cap ~$2.2T. 1.5M+ employees. Seattle, WA. AWS is world's largest cloud provider. Bedrock AI platform, custom Trainium chips.
Amazon was founded in 1994 by Jeff Bezos in Bellevue, Washington as an online bookstore operating from a garage, with the stated ambition of becoming "the everything store" — a long-term vision that proved accurate well beyond what even early investors anticipated. Bezos's founding philosophy centered on customer obsession, long-term thinking, and a willingness to invest in infrastructure years before it would generate returns. The company went public in 1997 and systematically expanded from books into electronics, then general merchandise, then marketplace third-party selling, and ultimately into cloud computing, digital media, devices, logistics, and healthcare. Amazon Web Services, launched in 2006, was a consequence of the internal infrastructure Amazon had built to scale its retail operations — and became the company's most profitable business.\n\nAmazon operates one of the most complex multi-business enterprises in corporate history. Amazon.com and its marketplace of 2+ million third-party sellers represent the world's largest e-commerce platform. AWS serves as the cloud infrastructure backbone for a substantial portion of the global internet, generating $105.3 billion in revenue in FY2024. Amazon Prime, with hundreds of millions of members globally, bundles shipping benefits, streaming video, music, gaming, and pharmacy services into a loyalty flywheel that increases purchase frequency and customer lifetime value. Additional major business lines include Alexa and Echo devices, Kindle and digital content, Amazon Advertising (a $56B+ revenue business), Whole Foods, Amazon Pharmacy, and Amazon Logistics.\n\nAmazon reported FY2024 revenue of $638 billion, up 11% year over year, with a market capitalization of approximately $2.2 trillion — making it one of the five most valuable companies globally. The company employs 1.5 million+ people worldwide, making it one of the largest private employers on earth. Andy Jassy, who built AWS from its founding and succeeded Bezos as CEO in 2021, has focused Amazon's strategy on AWS AI infrastructure, advertising growth, and logistics efficiency as the primary drivers of long-term margin expansion.
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