Michaels Stores

Michaels Stores, established in 1973, is a leading specialty retailer focused on arts, crafts, and home décor. The company provides a comprehensive ecosystem of materials, project ideas, and educational resources designed to inspire and facilitate creative activities for consumers. Operating within the Flowers, Gifts & Specialty Stores and broader Retail industries, Michaels has cultivated a strong brand presence. Its core mission involves empowering creativity through an extensive product assortment, ranging from basic art supplies and craft materials to seasonal décor and custom framing services, serving as a primary destination for DIY projects and creative expression.

The operational scale of Michaels Stores is considerable, employing over 10,000 individuals across its 953 locations. This extensive network supports a diverse product offering that includes essential craft supplies, art materials, home décor, seasonal merchandise, and exclusive brands like Crayola and Bernat. The company emphasizes an omnichannel shopping experience, integrating online and in-store services to cater to customer needs for everything from DIY projects and handmade items to custom framing and floral arrangements. Meet Michaels Stores' team to gain insight into the leadership and personnel driving its extensive retail operations and product development.

Financially, Michaels Stores is a significant entity, reporting an annual revenue of $11.6B. The company has a history of strategic financial activities, including a notable stock issuance of $472.2M in June 2014. It navigates a competitive market, with key rivals including Hobby Lobby, Spotlight, and Spirit Halloween, among others. This competitive environment underscores the importance of its robust product lines and customer engagement strategies.View more...