Michaels

This article is about the US retail chain Michaels and its parent company. For persons named Michaels, see Michaels (surname). For other uses, see Michaels (disambiguation).
Michaels Stores, Inc.
Michaels
Company typeSubsidiary
IndustryRetail
Founded1973; 51 years ago (1973)[1]
FounderMichael J. Dupey
HeadquartersIrving, Texas, U.S.
Number of locations
1,252 (US, Canada) (January 2021)[2]
Key people
Ashley Buchanan (CEO)[3]
ProductsArts & crafts, framing, floral, wall & home décor, scrapbooking
ParentThe Michaels Companies
WebsiteMichaels Stores

Michaels Stores, Inc., more commonly known as Michaels, is a privately held retail chain of American and Canadian arts and crafts hypermarket. It is North America's largest provider of arts, crafts, framing, floral and wall décor, and merchandise for makers and do-it-yourself home decorators.[2] The company is part of The Michaels Companies, founded in 2014 and headquartered in Irving, Texas.[4][5] In addition to Michaels stores, The Michaels Companies operates Aaron Brothers Custom Framing store-within-a-store,[6] and Artistree, a manufacturer of custom and specialty framing merchandise. The company also develops over a dozen private brands sold in Michaels stores, including Recollections, Studio Décor, Bead Landing, Creatology, and Ashland.[2][7] As of January 2021, there were 1,252 Michaels stores in 49 out of 50 states in the U.S., and Canada, with approximately $5.362 billion in sales for fiscal 2020.[2]

  1. ^ "The Michaels Companies, Inc.: Private Company Information - Bloomberg". www.bloomberg.com. Archived from the original on March 31, 2019. Retrieved May 15, 2019.
  2. ^ a b c d "Form 10-K Michaels Companies, Inc. 2021". www.sec.gov. March 9, 2021. Archived from the original on May 19, 2021. Retrieved May 18, 2021.
  3. ^ "Michaels | 2020 Fortune 500". Fortune. Archived from the original on 2021-03-16. Retrieved 2021-03-19.
  4. ^ Cite error: The named reference :0 was invoked but never defined (see the help page).
  5. ^ Cite error: The named reference dallas1 was invoked but never defined (see the help page).
  6. ^ "Crafts retailer Michaels to close nearly all Aaron Brothers stores". Reuters. March 22, 2018. Archived from the original on August 5, 2019. Retrieved September 19, 2019.
  7. ^ Kezar, Korrie (March 17, 2016). "Acquisition to help craft retailer Michaels expand B2B capabilities". Dallas Business Journal. Archived from the original on March 19, 2017. Retrieved January 16, 2019.