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Michaels

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280: 38: 394: 253: 377:, 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 236:, 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. 450:
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.
829: 296:, 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, 346:. 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. 955: 1511: 859: 613: 1246: 362:. 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 1449: 381:, 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 1365: 837: 1305: 677: 1480: 1275: 925: 947: 1503: 245: 1106: 605: 1238: 1136: 1187: 313:
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.
1609: 1589: 755: 1624: 1012: 1619: 669: 1297: 1472: 1614: 1594: 1267: 917: 1604: 807: 544: 1098: 986: 1584: 1579: 1574: 514: 1569: 1128: 1177: 1634: 1599: 1419: 1389:"We visited Hobby Lobby and Michaels to see which was a better arts-and-crafts store, and there was an obvious winner" 1042: 569: 467: 1162: 1388: 1327: 886: 635: 1629: 703: 713: 778: 210:. It is North America's largest provider of arts, crafts, framing, floral and wall décor, and merchandise for 1551: 1209: 19:
This article is about the US retail chain Michaels and its parent company. For persons named Michaels, see
830:"Michaels Stores Announces Completion of Merger Agreement with Bain Capital and Blackstone Affiliates" 745: 750: 24: 1504:"Arts and crafts retailer Michaels partners with HGTV's Property Brothers to boost framing business" 1020: 1157: 382: 293: 860:"BRIEF-Sequential Brands and Michaels Cos announce partnership for Martha Stewart Crafts brand" 363: 265: 222: 174: 398: 378: 233: 1072:"Arts and crafts retailer Michaels Stores has filed for a $ 500M IPO under the ticker MIK" 8: 422: 322: 815: 1182: 536: 20: 1442:"Michaels is closing its Aaron Brothers stores and rebranding its framing departments" 1328:"Apollo Announces Completion of the Tender Offer for Shares of The Michaels Companies" 978: 709: 606:"Michael J. Dupey: Created craft superstore concept with Irving-based Michaels chain" 506: 279: 1298:"Crafts retailer Michaels will go private in $ 3.3 billion deal with Apollo Global" 301: 284: 1239:"Michaels redesigns Plano and McKinney stores to test a new shopping environment" 370: 272: 218: 160: 133: 1071: 330: 305: 215: 1563: 446: 434: 334: 304:, purchased Michaels Stores for $ 6 billion, taking it private. In May 2007, 268: 226: 211: 152: 106: 37: 418: 406: 393: 355: 318: 297: 200: 164: 1358:"Michaels will be acquired by a private equity firm in a $ 5 billion deal" 351: 207: 1420:"Michaels Crafts Private Brands Top 60% of Net Sales | My Private Brand" 468:"The Michaels Companies, Inc.: Private Company Information - Bloomberg" 438: 204: 148: 60: 46: 405:
Michaels Stores sell a variety of arts and crafts products, including
252: 670:"Acquisition to help craft retailer Michaels expand B2B capabilities" 359: 310: 156: 636:"Crafts retailer Michaels to close nearly all Aaron Brothers stores" 1268:"Regina's Michaels craft store celebrates reopening following fire" 414: 410: 746:"Craft store veteran to challenge competitors with new superstore" 229:. In addition to Michaels stores, The Michaels Companies operates 374: 822: 442: 426: 261: 70: 430: 110: 1538: 948:"Retailer Michaels Stores confirms payment card data breach" 909: 354:
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
1013:"Exclusive: Blackstone, Bain prepare Michaels Stores IPO" 808:"Sam Wyly 'Innovates To Opportunity' Time And Time Again" 445:, and many seasonal items. Michaels produces a number of 137: 692: 1473:"Michaels launches new online store for custom framing" 1099:"IPO for Crafts Retailer Michaels on Hold Indefinitely" 1178:"Michaels I.P.O. Prices at $ 17, at Low End of Range" 884: 705:
International directory of company histories. Vol. 67
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Historical business data for The Michaels Companies:
1011:Oran, Olivia; Roumeliotis, Greg (March 26, 2012). 887:"Michaels crafts up new logo, opens 1,000th store" 1210:"First Look: Michaels unveils new concept stores" 1166:, February 15, 2013. Retrieved February 17, 2013. 1561: 1010: 836:. Blackstone. October 31, 2006. Archived from 1097:Dezember, Ryan; Demos, Telis (June 6, 2012). 1096: 885:Chain Store Age Staff (September 22, 2008). 779:"DALLAS CHAIN CRAFTS MERGER WITH LEEWARDS" 776: 501: 499: 497: 495: 493: 256:Interior of a Michaels store in California 36: 743: 599: 597: 595: 570:"Michaels Stores files for $ 500 mln IPO" 567: 507:"Form 10-K Michaels Companies, Inc. 2021" 264:, Texas when he converted a money-losing 1169: 1006: 1004: 915: 701: 392: 278: 251: 243: 1610:Companies formerly listed on the Nasdaq 1501: 1495: 1470: 1464: 1439: 1433: 603: 490: 401:. This location closed in January 2024. 225:, founded in 2014 and headquartered in 1590:American companies established in 1973 1562: 1320: 1295: 1190:from the original on December 12, 2018 1139:from the original on February 17, 2013 979:"Class Slams Michaels for Data Breach" 739: 737: 663: 661: 592: 529: 1625:Retail companies of the United States 1514:from the original on January 17, 2019 1483:from the original on January 17, 2019 1452:from the original on January 17, 2019 1289: 1175: 1109:from the original on January 17, 2019 1001: 928:from the original on January 17, 2019 897:from the original on January 17, 2019 722:from the original on January 17, 2019 702:Pedersen, Jay P. (February 2, 2005). 667: 580:from the original on December 1, 2017 1620:Retail companies established in 1973 1399:from the original on October 7, 2019 744:Goldfield, Robert (March 14, 1999). 563: 561: 1471:Halkias, Maria (October 25, 2017). 1129:"Ulta CEO leaving to join Michaels" 989:from the original on March 19, 2012 976: 800: 758:from the original on April 30, 2017 734: 680:from the original on March 19, 2017 658: 646:from the original on August 5, 2019 616:from the original on April 20, 2021 478:from the original on March 31, 2019 13: 1615:Private equity portfolio companies 1595:Apollo Global Management companies 1417: 1368:from the original on March 4, 2021 1308:from the original on March 4, 2021 916:Vozzella, Lauren (June 25, 2010). 814:. January 13, 1997. Archived from 568:Jarzemsky, Matt (March 30, 2012). 537:"Michaels | 2020 Fortune 500" 325:over the incident. In March 2012, 14: 1646: 1530: 1440:Halkias, Maria (March 22, 2018). 1386: 1338:from the original on May 19, 2021 958:from the original on May 19, 2021 777:Schmeltzer, John (May 11, 1994). 558: 517:from the original on May 19, 2021 123:1,252 (US, Canada) (January 2021) 16:American arts and crafts retailer 1605:Companies based in Irving, Texas 1502:Halkias, Maria (March 1, 2018). 1296:Thomas, Lauren (March 3, 2021). 1176:Alden, William (June 26, 2014). 668:Kezar, Korrie (March 17, 2016). 1411: 1380: 1350: 1278:from the original on 2023-03-17 1260: 1249:from the original on 2023-03-17 1231: 1220:from the original on 2023-03-17 1202: 1151: 1121: 1090: 1064: 1053:from the original on 2017-08-27 1035: 970: 940: 878: 852: 789:from the original on 2019-01-17 770: 547:from the original on 2021-03-16 1158:"Rubin to Become Michaels CEO" 628: 604:Halkias, Maria (May 5, 2010). 460: 385:, taking the company private. 1: 1585:2021 mergers and acquisitions 1580:2014 initial public offerings 1575:2006 mergers and acquisitions 453: 231:Aaron Brothers Custom Framing 1570:1973 establishments in Texas 1510:. Dallas Morning News, Inc. 977:Fry, Chris (July 14, 2011). 7: 388: 82:; 51 years ago 10: 1651: 397:Michaels Store located in 239: 18: 1635:Blackstone Inc. companies 1600:Arts and crafts retailers 751:Portland Business Journal 221:. The company is part of 203:of American and Canadian 195:, more commonly known as 180: 170: 144: 127: 117: 102: 94: 76: 66: 56: 44: 35: 25:Michaels (disambiguation) 893:. Eagle Operating Corp. 383:Apollo Global Management 294:Leewards Creative Crafts 1103:The Wall Street Journal 983:Courthouse News Service 918:"Ace of homemade cakes" 674:Dallas Business Journal 1630:Bain Capital companies 402: 364:The Michaels Companies 288: 257: 249: 248:Logo from 1984 to 2009 223:The Michaels Companies 199:, is a privately held 175:The Michaels Companies 23:. For other uses, see 1418:Durham, Christopher. 812:Monroe Street Journal 429:items, kids' crafts, 399:Saugus, Massachusetts 396: 282: 255: 247: 193:Michaels Stores, Inc. 161:wall & home décor 31:Michaels Stores, Inc. 1216:. 9 September 2020. 840:on November 19, 2018 379:Regina, Saskatchewan 234:store-within-a-store 1477:Dallas Morning News 1446:Dallas Morning News 1023:on January 17, 2019 708:. St. James Press. 610:Dallas Morning News 323:Passaic, New Jersey 119:Number of locations 32: 1362:The New York Times 1334:. April 15, 2021. 1183:The New York Times 1135:. March 20, 2013. 954:. April 17, 2014. 642:. March 22, 2018. 403: 289: 258: 250: 30: 21:Michaels (surname) 1364:. March 3, 2021. 922:The Baltimore Sun 891:Chainstoreage.com 818:on June 14, 1997. 513:. March 9, 2021. 472:www.bloomberg.com 190: 189: 149:Arts & crafts 1642: 1542: 1541: 1539:Official website 1524: 1523: 1521: 1519: 1499: 1493: 1492: 1490: 1488: 1468: 1462: 1461: 1459: 1457: 1437: 1431: 1430: 1428: 1426: 1415: 1409: 1408: 1406: 1404: 1393:Business Insider 1387:Tyler, Jessica. 1384: 1378: 1377: 1375: 1373: 1354: 1348: 1347: 1345: 1343: 1324: 1318: 1317: 1315: 1313: 1293: 1287: 1286: 1284: 1283: 1264: 1258: 1257: 1255: 1254: 1235: 1229: 1228: 1226: 1225: 1206: 1200: 1199: 1197: 1195: 1173: 1167: 1155: 1149: 1148: 1146: 1144: 1133:biz journals.com 1125: 1119: 1118: 1116: 1114: 1094: 1088: 1087: 1085: 1083: 1078:. March 30, 2012 1068: 1062: 1061: 1059: 1058: 1039: 1033: 1032: 1030: 1028: 1019:. 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Dupey 90: 88: 83: 40: 33: 29: 1650: 1649: 1645: 1644: 1643: 1641: 1640: 1639: 1560: 1559: 1556: 1537: 1536: 1533: 1528: 1527: 1517: 1515: 1500: 1496: 1486: 1484: 1469: 1465: 1455: 1453: 1438: 1434: 1424: 1422: 1416: 1412: 1402: 1400: 1385: 1381: 1371: 1369: 1356: 1355: 1351: 1341: 1339: 1326: 1325: 1321: 1311: 1309: 1294: 1290: 1281: 1279: 1272:CTV News Regina 1266: 1265: 1261: 1252: 1250: 1237: 1236: 1232: 1223: 1221: 1214:Chain Store Age 1208: 1207: 1203: 1193: 1191: 1174: 1170: 1156: 1152: 1142: 1140: 1127: 1126: 1122: 1112: 1110: 1095: 1091: 1081: 1079: 1070: 1069: 1065: 1056: 1054: 1041: 1040: 1036: 1026: 1024: 1009: 1002: 992: 990: 975: 971: 961: 959: 946: 945: 941: 931: 929: 914: 910: 900: 898: 883: 879: 869: 867: 866:. 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Retrieved 471: 462: 407:scrapbooking 404: 368: 356:Office Depot 348: 338: 326: 319:class action 315: 298:Bain Capital 290: 287:(now closed) 283:Michaels in 266:Ben Franklin 259: 230: 201:retail chain 196: 192: 191: 165:scrapbooking 103:Headquarters 57:Company type 1552:SEC filings 1518:January 14, 1487:January 23, 1456:January 23, 1403:October 17, 1243:Dallas News 1194:January 17, 1143:January 17, 1113:January 17, 1027:January 17, 932:January 14, 901:January 16, 844:January 16, 726:January 22, 684:January 16, 574:MarketWatch 511:www.sec.gov 352:Ulta Beauty 208:hypermarket 1564:Categories 1425:October 7, 1282:2023-03-17 1253:2023-03-17 1224:2023-03-17 1057:2019-01-17 793:2019-01-17 715:1558625127 551:2021-03-19 454:References 423:home décor 129:Key people 61:Subsidiary 47:Trade name 993:August 7, 369:In 2020, 360:Accenture 311:Chef Duff 1512:Archived 1481:Archived 1450:Archived 1397:Archived 1366:Archived 1336:Archived 1312:March 3, 1306:Archived 1276:Archived 1247:Archived 1218:Archived 1188:Archived 1137:Archived 1107:Archived 1051:Archived 987:Archived 956:Archived 926:Archived 895:Archived 787:Archived 762:July 26, 756:Archived 720:Archived 678:Archived 644:Archived 614:Archived 578:Archived 545:Archived 515:Archived 476:Archived 439:greenery 415:knitting 389:Products 300:and the 197:Michaels 145:Products 67:Industry 52:Michaels 1372:May 18, 1342:May 18, 1082:May 18, 1045:sec.gov 1017:Reuters 962:May 18, 952:Reuters 870:May 18, 864:Reuters 640:Reuters 541:Fortune 521:May 18, 482:May 15, 435:framing 425:items, 411:beading 375:Walmart 339:Reuters 327:Reuters 240:History 181:Website 153:framing 95:Founder 85: ( 77:Founded 712:  443:baking 431:paints 427:floral 262:Dallas 212:makers 157:floral 113:, U.S. 107:Irving 71:Retail 1332:Yahoo 171:Owner 111:Texas 1520:2019 1489:2019 1458:2019 1427:2019 1405:2019 1374:2021 1344:2021 1314:2021 1302:CNBC 1196:2019 1145:2019 1115:2019 1084:2021 1029:2019 995:2011 964:2021 934:2019 903:2019 872:2021 846:2019 764:2015 728:2019 710:ISBN 686:2019 652:2019 622:2023 586:2017 523:2021 484:2019 358:and 344:NYSE 333:and 214:and 87:1973 80:1973 1163:HFN 138:CEO 1566:: 1506:. 1479:. 1475:. 1448:. 1444:. 1395:. 1391:. 1360:. 1330:. 1304:. 1300:. 1270:. 1241:. 1212:. 1186:. 1180:. 1160:, 1131:. 1105:. 1101:. 1074:. 1049:. 1015:. 1003:^ 985:. 981:. 950:. 924:. 920:. 889:. 862:. 832:. 810:. 785:. 781:. 754:. 748:. 736:^ 718:. 694:^ 676:. 672:. 660:^ 638:. 612:. 608:. 594:^ 576:. 572:. 560:^ 543:. 539:. 509:. 492:^ 474:. 470:. 441:, 437:, 433:, 421:, 417:, 413:, 409:, 366:. 163:, 159:, 155:, 151:, 109:, 1522:. 1491:. 1460:. 1429:. 1407:. 1376:. 1346:. 1316:. 1285:. 1256:. 1227:. 1198:. 1147:. 1117:. 1086:. 1060:. 1047:" 1043:" 1031:. 997:. 966:. 936:. 905:. 874:. 848:. 796:. 766:. 730:. 688:. 654:. 624:. 588:. 554:. 525:. 486:. 140:) 136:( 89:) 27:.

Index

Michaels (surname)
Michaels (disambiguation)

Trade name
Subsidiary
Retail
Irving
Texas
Ashley Buchanan
CEO
Arts & crafts
framing
floral
wall & home décor
scrapbooking
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


Dallas
Ben Franklin

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