Michaels Stores Net Worth is4.21 $Billion
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Company Name: Michaels/ company logo
Michaels is an arts and crafts retail chain. It currently operates more than 1040 Michaels Arts and Crafts Stores located in 49 U.S. states and in Canada. The company owns and operates the Aaron Brothers retail chain which consists of more than 140 stores. Michaels also produces 10 exclusive private brands including Recollections, Studio Decor, Bead Landing, Creatology, Ashland, Celebrate It, Art Minds, Artist's Loft, Craft Smart and Loops & Threads. The corporate headquarters are located in Irving, Texas.
The average Michaels store now contains 40,000 different products in 18,200 square feet (1,700 mA?) of selling space. The stores sell a selection of arts, crafts, framing, floral, wall dA(C)cor, bakeware, beads, scrapbooking and seasonal merchandise for hobbyists and do-it-yourself home decorators.
Michaels is the largest such chain in the United States. Competitors include Hobby Lobby, Ben Franklin Stores, Jo-Ann Stores, AC Moore and several smaller chains. Canadian competitors include DeSerres.
In April 2012, Michaels filed for a $500 million initial public offering (IPO).
In 1976, Dallas businessman Michael J. Dupey opened Michael's in the former Northtown Mall in Dallas, Texas. The location closed in the 1990s and is now a technology building.[unreliable source?]
In 1982, Dallas businessman Samuel Wyly bought controlling interest in Michaels; the company's annual revenues were around $10 million at the time of purchase.
After the sale, Dupey founded MJ Designs which was later bought out by Michaels.
In 1984, the Michaels chain was first publicly traded. At the time it had 16 stores.
In 1994, Michaels acquired the Treasure House Crafts chain in the Northwest United States. It also acquired Oregon Craft & Floral Supply, as well as H&H Craft & Floral. The biggest chain was acquired in July, which was Leewards Creative Craft, Inc. This was a 101 unit store chain giving Michaels solid footing the midwestern and northeastern regions.
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Michaels Stores Latest News

Craft store manager gets $32k from well wishers after she was subjected to racist tirade from Trump supporter in viral video

A manager at Michaels who faced a customer's racially-charged tirade ... of s***' after she was asked if she would like to purchase a $1 reusable bag at the store in Chicago, Illinois. Grady, who filmed the encounter, praised the manager for her measured ...
Posted: December 2, 2016, 11:20 pm

Woman Goes On Racist, Pro-Trump Tirade In Michaels Store Over $1 Bag

A Chicago shopper was filmed having a meltdown inside of a Michaels craft store, during which she accused the staff of discriminating against her for being white and for voting for Donald Trump. “And I voted for Trump, so there. You want to kick me out ...
Posted: November 28, 2016, 1:22 pm

Angry Woman at Michaels Store Cries Discrimination for Being White, Voting Trump: Video

The incident happened on Thanksgiving Eve at the Michaels store at 3131 N. Clark St. in Chicago’s Lakeview neighborhood. A video shot by Jessie Grady titled “Racist White Woman Trump Rant in Chicago Store” has received more than 57,000 views on ...
Posted: November 29, 2016, 5:20 pm
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