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Michaels

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293: 49: 407: 266: 390:, became the new CEO of Michaels. Later that year, Michaels introduced a new store concept at two locations in Texas, which features a new open layout built around "inspiration hubs", new "maker space" areas for instruction, and self-service pickup lockers for online orders. The company stated that aspects of this concept would be introduced at new and renovated locations in the future (such as its location in 249:, 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. 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. 463:
store-within-a-store and online. Online, customers can upload, edit and print photos from their computer or social media sites. They can then select and customize the size, surface, frame, and mat. Michaels also develops over a dozen private brands sold in Michaels stores, including Recollections, Studio Décor, Bead Landing, Creatology, and Ashland.
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In Menzer's absence, Lew Klessel, Bain managing director, and Charles Sonsteby, Michaels' chief administrative officer and chief financial officer, served in a temporary Office of CEO. In February 2013, Chuck Rubin was appointed CEO. Rubin was president and CEO of personal-care specialty retailer
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further reported that Michaels posted earnings before interest, income taxes, depreciation, and amortization of $ 661 million in 2011 and had total debt of $ 3.5 billion as of January 28, 2012. The filing, for a $ 500 million common stock issue, came on March 30. The ticker would be MIK on the
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In 1984, Michaels was first publicly traded (on NASDAQ) under parent entity The Michaels Companies, which operated 16 stores. Over the next decade, the company bought craft and hobby stores in local and regional markets. In 1994, Michaels Stores expanded acquired craft stores in the Pacific
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including Recollections, Studio Decor, Bead Landing, Creatology, Ashland, Celebrate It, Art Minds, Artist's Loft, Craft Smart, Loops & Threads, Make Market, Foamies, LockerLookz, Imagin8, and Sticky Sticks. Michaels also offers custom framing through its Aaron Brothers Custom Framing
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In February 2011, Michaels and Aaron Brothers stores suffered a data compromise that affected their debit card terminals in 20 states. The company alerted customers who made PIN-based purchases between February 8 and May 6, 2011, that their data may have been exposed. A
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and Michaels launched "Martha Stewart Crafts", an online resource for home "do-it-yourselfers" with how-to instructions, projects, and crafting products. In the fall of 2008, Michaels Stores opened its 1,000th store. In 2010, Michaels began a partnership with
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store. In 1982, Dallas businessman Sam Wyly bought a controlling interest in the company, which by then had 11 outlets with annual revenues around $ 10 million. After the sale, Dupey founded MJ Designs, which was later bought out by The Michaels Companies.
842: 309:, a 101-unit store chain. In 1995, Michaels Stores acquired Aaron Brothers Holdings, Inc., a specialty framing and art supply store. By 1996, Michaels' sales reached $ 1.24 billion with 450 stores. In 2006, two private equity groups, 359:. A report on the filing put the company's debt at $ 3.8 billion and said 2011 revenue was $ 4.2 billion and net income was $ 176M. In July, the IPO was "put on hold indefinitely" after CEO John Menzer suffered a stroke. 968: 1524: 872: 626: 1259: 375:. The Michaels Office of CEO was discontinued when Rubin assumed his position later in February and Sonsteby continued as CAO/CFO. In June 2014, Michaels became a public company under newly formed parent 1462: 394:, which in 2023 became the first Canadian location to adopt the format after having been closed following a fire). In March 2021, The Michaels Companies agreed to be acquired by private equity company 1378: 850: 1318: 690: 1493: 1288: 938: 960: 1516: 258: 1119: 618: 1251: 1149: 1200: 326:
to feature the Duff Goldman Collection in its stores. The line includes baking products including fondant, sprinkle sets, color spray, cake tattoos, and color paste.
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Northwest, including Treasure House Crafts, Oregon Craft & Floral Supply, and H&H Craft & Floral. In the Midwest and Northeast, it bought
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were "the leads on what could be one of the year's largest IPOs in the retail sector", with one source saying the IPO would be registered in April.
1622: 1602: 768: 1637: 1025: 1632: 682: 1310: 1485: 1627: 1607: 1280: 930: 1617: 820: 557: 1111: 999: 1597: 1592: 1587: 527: 1582: 1141: 1190: 1647: 1612: 1432: 1402:"We visited Hobby Lobby and Michaels to see which was a better arts-and-crafts store, and there was an obvious winner" 1055: 582: 480: 1175: 1401: 1340: 899: 648: 1642: 17: 716: 726: 791: 223:. It is North America's largest provider of arts, crafts, framing, floral and wall décor, and merchandise for 1564: 1222: 30:
This article is about the US retail chain Michaels and its parent company. For persons named Michaels, see
843:"Michaels Stores Announces Completion of Merger Agreement with Bain Capital and Blackstone Affiliates" 758: 763: 35: 1517:"Arts and crafts retailer Michaels partners with HGTV's Property Brothers to boost framing business" 1033: 1170: 395: 306: 873:"BRIEF-Sequential Brands and Michaels Cos announce partnership for Martha Stewart Crafts brand" 376: 278: 235: 187: 411: 391: 246: 1085:"Arts and crafts retailer Michaels Stores has filed for a $ 500M IPO under the ticker MIK" 8: 435: 335: 828: 1195: 549: 31: 1455:"Michaels is closing its Aaron Brothers stores and rebranding its framing departments" 1341:"Apollo Announces Completion of the Tender Offer for Shares of The Michaels Companies" 991: 722: 619:"Michael J. Dupey: Created craft superstore concept with Irving-based Michaels chain" 519: 292: 1311:"Crafts retailer Michaels will go private in $ 3.3 billion deal with Apollo Global" 314: 297: 1252:"Michaels redesigns Plano and McKinney stores to test a new shopping environment" 383: 285: 231: 171: 144: 1084: 343: 318: 228: 182: 1576: 459: 447: 347: 317:, purchased Michaels Stores for $ 6 billion, taking it private. In May 2007, 281: 239: 224: 163: 117: 48: 431: 419: 406: 368: 331: 310: 213: 175: 1371:"Michaels will be acquired by a private equity firm in a $ 5 billion deal" 364: 220: 1433:"Michaels Crafts Private Brands Top 60% of Net Sales | My Private Brand" 481:"The Michaels Companies, Inc.: Private Company Information - Bloomberg" 451: 217: 159: 71: 57: 418:
Michaels Stores sell a variety of arts and crafts products, including
265: 683:"Acquisition to help craft retailer Michaels expand B2B capabilities" 372: 323: 167: 649:"Crafts retailer Michaels to close nearly all Aaron Brothers stores" 1281:"Regina's Michaels craft store celebrates reopening following fire" 427: 423: 759:"Craft store veteran to challenge competitors with new superstore" 242:. In addition to Michaels stores, The Michaels Companies operates 387: 835: 455: 439: 274: 81: 443: 121: 1551: 961:"Retailer Michaels Stores confirms payment card data breach" 922: 367:
at the time of his appointment and had previously been with
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lawsuit was filed against Michaels in the County Court of
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In 1973, businessman Michael J. Dupey founded Michaels in
1026:"Exclusive: Blackstone, Bain prepare Michaels Stores IPO" 821:"Sam Wyly 'Innovates To Opportunity' Time And Time Again" 458:, and many seasonal items. Michaels produces a number of 148: 705: 1486:"Michaels launches new online store for custom framing" 1112:"IPO for Crafts Retailer Michaels on Hold Indefinitely" 1191:"Michaels I.P.O. Prices at $ 17, at Low End of Range" 897: 718:
International directory of company histories. Vol. 67
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Historical business data for The Michaels Companies:
1024:Oran, Olivia; Roumeliotis, Greg (March 26, 2012). 900:"Michaels crafts up new logo, opens 1,000th store" 1223:"First Look: Michaels unveils new concept stores" 1179:, February 15, 2013. Retrieved February 17, 2013. 1574: 1023: 849:. Blackstone. October 31, 2006. Archived from 1110:Dezember, Ryan; Demos, Telis (June 6, 2012). 1109: 898:Chain Store Age Staff (September 22, 2008). 792:"DALLAS CHAIN CRAFTS MERGER WITH LEEWARDS" 789: 514: 512: 510: 508: 506: 269:Interior of a Michaels store in California 47: 756: 612: 610: 608: 583:"Michaels Stores files for $ 500 mln IPO" 580: 520:"Form 10-K Michaels Companies, Inc. 2021" 277:, Texas when he converted a money-losing 1182: 1019: 1017: 928: 714: 405: 291: 264: 256: 1623:Companies formerly listed on the Nasdaq 1514: 1508: 1483: 1477: 1452: 1446: 616: 503: 414:. This location closed in January 2024. 238:, founded in 2014 and headquartered in 14: 1603:American companies established in 1973 1575: 1333: 1308: 1203:from the original on December 12, 2018 1152:from the original on February 17, 2013 992:"Class Slams Michaels for Data Breach" 752: 750: 676: 674: 605: 542: 1638:Retail companies of the United States 1527:from the original on January 17, 2019 1496:from the original on January 17, 2019 1465:from the original on January 17, 2019 1302: 1188: 1122:from the original on January 17, 2019 1014: 941:from the original on January 17, 2019 910:from the original on January 17, 2019 735:from the original on January 17, 2019 715:Pedersen, Jay P. (February 2, 2005). 680: 593:from the original on December 1, 2017 1633:Retail companies established in 1973 1412:from the original on October 7, 2019 757:Goldfield, Robert (March 14, 1999). 576: 574: 1484:Halkias, Maria (October 25, 2017). 1142:"Ulta CEO leaving to join Michaels" 1002:from the original on March 19, 2012 989: 813: 771:from the original on April 30, 2017 747: 693:from the original on March 19, 2017 671: 659:from the original on August 5, 2019 629:from the original on April 20, 2021 491:from the original on March 31, 2019 24: 1628:Private equity portfolio companies 1608:Apollo Global Management companies 1430: 1381:from the original on March 4, 2021 1321:from the original on March 4, 2021 929:Vozzella, Lauren (June 25, 2010). 827:. January 13, 1997. Archived from 581:Jarzemsky, Matt (March 30, 2012). 550:"Michaels | 2020 Fortune 500" 338:over the incident. In March 2012, 25: 1659: 1543: 1453:Halkias, Maria (March 22, 2018). 1399: 1351:from the original on May 19, 2021 971:from the original on May 19, 2021 790:Schmeltzer, John (May 11, 1994). 571: 530:from the original on May 19, 2021 134:1,252 (US, Canada) (January 2021) 27:American arts and crafts retailer 1618:Companies based in Irving, Texas 1515:Halkias, Maria (March 1, 2018). 1309:Thomas, Lauren (March 3, 2021). 1189:Alden, William (June 26, 2014). 681:Kezar, Korrie (March 17, 2016). 1424: 1393: 1363: 1291:from the original on 2023-03-17 1273: 1262:from the original on 2023-03-17 1244: 1233:from the original on 2023-03-17 1215: 1164: 1134: 1103: 1077: 1066:from the original on 2017-08-27 1048: 983: 953: 891: 865: 802:from the original on 2019-01-17 783: 560:from the original on 2021-03-16 1171:"Rubin to Become Michaels CEO" 641: 617:Halkias, Maria (May 5, 2010). 473: 398:, taking the company private. 13: 1: 1598:2021 mergers and acquisitions 1593:2014 initial public offerings 1588:2006 mergers and acquisitions 466: 244:Aaron Brothers Custom Framing 1583:1973 establishments in Texas 1523:. Dallas Morning News, Inc. 990:Fry, Chris (July 14, 2011). 7: 401: 93:; 51 years ago 10: 1664: 410:Michaels Store located in 252: 29: 1648:Blackstone Inc. companies 1613:Arts and crafts retailers 764:Portland Business Journal 234:. The company is part of 216:of American and Canadian 208:, more commonly known as 193: 181: 155: 138: 128: 113: 105: 87: 77: 67: 55: 46: 36:Michaels (disambiguation) 906:. Eagle Operating Corp. 396:Apollo Global Management 307:Leewards Creative Crafts 1116:The Wall Street Journal 996:Courthouse News Service 931:"Ace of homemade cakes" 687:Dallas Business Journal 1643:Bain Capital companies 415: 377:The Michaels Companies 301: 270: 262: 261:Logo from 1984 to 2009 236:The Michaels Companies 212:, is a privately held 188:The Michaels Companies 34:. For other uses, see 1431:Durham, Christopher. 825:Monroe Street Journal 442:items, kids' crafts, 412:Saugus, Massachusetts 409: 295: 268: 260: 206:Michaels Stores, Inc. 172:wall & home décor 42:Michaels Stores, Inc. 1229:. 9 September 2020. 853:on November 19, 2018 392:Regina, Saskatchewan 247:store-within-a-store 1490:Dallas Morning News 1459:Dallas Morning News 1036:on January 17, 2019 721:. St. James Press. 623:Dallas Morning News 336:Passaic, New Jersey 130:Number of locations 43: 1375:The New York Times 1347:. April 15, 2021. 1196:The New York Times 1148:. March 20, 2013. 967:. April 17, 2014. 655:. March 22, 2018. 416: 302: 271: 263: 41: 32:Michaels (surname) 1377:. March 3, 2021. 935:The Baltimore Sun 904:Chainstoreage.com 831:on June 14, 1997. 526:. March 9, 2021. 485:www.bloomberg.com 203: 202: 160:Arts & crafts 16:(Redirected from 1655: 1555: 1554: 1552:Official website 1537: 1536: 1534: 1532: 1512: 1506: 1505: 1503: 1501: 1481: 1475: 1474: 1472: 1470: 1450: 1444: 1443: 1441: 1439: 1428: 1422: 1421: 1419: 1417: 1406:Business Insider 1400:Tyler, Jessica. 1397: 1391: 1390: 1388: 1386: 1367: 1361: 1360: 1358: 1356: 1337: 1331: 1330: 1328: 1326: 1306: 1300: 1299: 1297: 1296: 1277: 1271: 1270: 1268: 1267: 1248: 1242: 1241: 1239: 1238: 1219: 1213: 1212: 1210: 1208: 1186: 1180: 1168: 1162: 1161: 1159: 1157: 1146:biz journals.com 1138: 1132: 1131: 1129: 1127: 1107: 1101: 1100: 1098: 1096: 1091:. March 30, 2012 1081: 1075: 1074: 1072: 1071: 1052: 1046: 1045: 1043: 1041: 1032:. 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Retrieved 484: 475: 420:scrapbooking 417: 381: 369:Office Depot 361: 351: 339: 332:class action 328: 311:Bain Capital 303: 300:(now closed) 296:Michaels in 279:Ben Franklin 272: 243: 214:retail chain 209: 205: 204: 176:scrapbooking 114:Headquarters 68:Company type 1565:SEC filings 1531:January 14, 1500:January 23, 1469:January 23, 1416:October 17, 1256:Dallas News 1207:January 17, 1156:January 17, 1126:January 17, 1040:January 17, 945:January 14, 914:January 16, 857:January 16, 739:January 22, 697:January 16, 587:MarketWatch 524:www.sec.gov 365:Ulta Beauty 221:hypermarket 1577:Categories 1438:October 7, 1295:2023-03-17 1266:2023-03-17 1237:2023-03-17 1070:2019-01-17 806:2019-01-17 728:1558625127 564:2021-03-19 467:References 436:home décor 140:Key people 72:Subsidiary 58:Trade name 1006:August 7, 382:In 2020, 373:Accenture 324:Chef Duff 1525:Archived 1494:Archived 1463:Archived 1410:Archived 1379:Archived 1349:Archived 1325:March 3, 1319:Archived 1289:Archived 1260:Archived 1231:Archived 1201:Archived 1150:Archived 1120:Archived 1064:Archived 1000:Archived 969:Archived 939:Archived 908:Archived 800:Archived 775:July 26, 769:Archived 733:Archived 691:Archived 657:Archived 627:Archived 591:Archived 558:Archived 528:Archived 489:Archived 452:greenery 428:knitting 402:Products 313:and the 210:Michaels 156:Products 78:Industry 63:Michaels 1385:May 18, 1355:May 18, 1095:May 18, 1058:sec.gov 1030:Reuters 975:May 18, 965:Reuters 883:May 18, 877:Reuters 653:Reuters 554:Fortune 534:May 18, 495:May 15, 448:framing 438:items, 424:beading 388:Walmart 352:Reuters 340:Reuters 253:History 194:Website 164:framing 106:Founder 96: ( 88:Founded 725:  456:baking 444:paints 440:floral 275:Dallas 225:makers 183:Parent 168:floral 124:, U.S. 118:Irving 82:Retail 1345:Yahoo 122:Texas 1533:2019 1502:2019 1471:2019 1440:2019 1418:2019 1387:2021 1357:2021 1327:2021 1315:CNBC 1209:2019 1158:2019 1128:2019 1097:2021 1042:2019 1008:2011 977:2021 947:2019 916:2019 885:2021 859:2019 777:2015 741:2019 723:ISBN 699:2019 665:2019 635:2023 599:2017 536:2021 497:2019 371:and 357:NYSE 346:and 227:and 98:1973 91:1973 1176:HFN 149:CEO 1579:: 1519:. 1492:. 1488:. 1461:. 1457:. 1408:. 1404:. 1373:. 1343:. 1317:. 1313:. 1283:. 1254:. 1225:. 1199:. 1193:. 1173:, 1144:. 1118:. 1114:. 1087:. 1062:. 1028:. 1016:^ 998:. 994:. 963:. 937:. 933:. 902:. 875:. 845:. 823:. 798:. 794:. 767:. 761:. 749:^ 731:. 707:^ 689:. 685:. 673:^ 651:. 625:. 621:. 607:^ 589:. 585:. 573:^ 556:. 552:. 522:. 505:^ 487:. 483:. 454:, 450:, 446:, 434:, 430:, 426:, 422:, 379:. 174:, 170:, 166:, 162:, 120:, 1535:. 1504:. 1473:. 1442:. 1420:. 1389:. 1359:. 1329:. 1298:. 1269:. 1240:. 1211:. 1160:. 1130:. 1099:. 1073:. 1060:" 1056:" 1044:. 1010:. 979:. 949:. 918:. 887:. 861:. 809:. 779:. 743:. 701:. 667:. 637:. 601:. 567:. 538:. 499:. 151:) 147:( 100:) 38:. 20:)

Index

Michaels Stores
Michaels (surname)
Michaels (disambiguation)

Trade name
Subsidiary
Retail
Irving
Texas
Ashley Buchanan
CEO
Arts & crafts
framing
floral
wall & home décor
scrapbooking
Parent
The Michaels Companies
Michaels Stores
retail chain
arts and crafts
hypermarket
makers
do-it-yourself
home decorators
The Michaels Companies
Irving, Texas
store-within-a-store

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