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

Plans Filed To Build Michaels Arts And Crafts Store On Upper East Side

UPPER EAST SIDE, NY — Plans to build a Michaels store within commercial space located in the Queensboro Bridge have been filed with the city Landmarks Preservation Commission (LPC). Due to the space's landmark status the plan must be approved by the LPC ...
Posted: January 17, 2017, 11:53 am

Michaels Cos. (MIK) Stock Rating Upgraded by Morgan Stanley

As of February 27, 2016, the Company owned and operated more than 1,340 stores in 49 states and Canada under the brands Michaels, Aaron Brothers and Pat Catan’s. Receive News & Ratings for Michaels Cos. Daily - Enter your email address below to receive a ...
Posted: January 19, 2017, 6:48 am

Technical Reports on Specialty Retail Equities -- Pier 1 Imports, Tractor Supply, Sally Beauty, and Michaels

Moreover, shares of Sally Beauty Holdings, which together with its subsidiaries, operates as a specialty retailer and distributor of professional beauty supplies, have an RSI of 47.11. On December 12 th, 2016, Michaels Cos. announced that certain of its ...
Posted: January 19, 2017, 4:10 am
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