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

Still Not Quite There On Michaels Companies

Michaels does see some potential complementary help from e-commerce, and even getting back to high 1%/low 2% comps, combined with sourcing improvements and store openings, is probably enough to drive adjusted net income growth. Even with the stock having ...
Posted: April 24, 2017, 1:13 am

Specialty Retail Stocks Under Scanner -- Pier 1 Imports, Michaels Cos., Sally Beauty, and Tractor Supply

Additionally, shares of Michaels Cos., which owns and operates arts and crafts specialty retail stores in North America, have an RSI of 76.20. On March 27 th, 2017, research firm Piper Jaffray downgraded the Company's stock rating from 'Overweight' to ...
Posted: April 21, 2017, 4:21 am

Michaels and Pinterest Partner to Bring Popular DIY Trends to Life

IRVING, Texas--(BUSINESS WIRE)--Michaels and Pinterest today announced a partnership to launch Make It Kits, a unique kit which includes all the necessary supplies to help anyone, from a beginner to a more experienced crafter, make one of the most trending ...
Posted: April 19, 2017, 4:24 am
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