Michaels Stores

Michaels Stores, founded in 1973, is a prominent arts and crafts specialty retailer providing a comprehensive range of creative materials, project ideas, and educational resources. The company maintains a robust operational footprint with 930 locations and a workforce of over 10,000 employees. As a leader in the retail sector, Michaels Stores leverages an omnichannel strategy to serve both B2B and B2C markets, ensuring accessibility for hobbyists and professional artists alike.

The company’s product portfolio includes seasonal merchandise, custom framing, wall décor, and exclusive brands like Cricut and Crayola. Michaels Stores competes in a crowded retail landscape against major players such as Hobby Lobby, Burlington, and Dollar Tree. By integrating e-commerce capabilities with its physical store network, the firm optimizes its supply chain and customer engagement. Meet Michaels Stores's team to learn about the leadership driving these operational initiatives and the company's commitment to fostering creativity across its diverse customer base.

With annual revenue reaching $11.6B, Michaels Stores demonstrates significant market stability and financial scale. The organization continues to invest in innovation and retail technology to maintain its competitive edge in the specialty store industry. Explore financial highlights for detailed metrics regarding the company's fiscal performance and growth trajectory. The firm remains a cornerstone of the craft industry, consistently adapting its assortment to meet evolving consumer trends and DIY project demands.