Company
The Michaels Companies, Inc.
Headquarters: Irving, TX, United States
Founded: 1973
Employees: 12,000
The Michaels Companies, Inc. Categories
United States Consumer Discretionary Specialty RetailUnited States Consumer Discretionary United States Specialty Retail
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Industry: Specialty Retail
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Detailed Description
The Michaels Companies, Inc. owns and operates arts and crafts specialty retail stores for hobbyist and do-it-yourself home decorators in the United States and Canada. It operates Michaels stores that offer approximately 45,000 basic and seasonal stock-keeping units (SKUs) in arts, crafts, framing, floral, and home décor and seasonal merchandise. The company also provides private brands, including Recollections, Studio Decor, Bead Landing, Creatology, Ashland, Celebrate It, ArtMinds, Artist's Loft, Craft Smart, Loops & Threads, Simply Tidy, Make Market, Foamies, LockerLookz, Imagin8, and Sticky Sticks. Further, it manufactures and supplies precut mats and custom framing merchandise; and distributes craft and hobby items products under the Darice brand. As of February 1, 2020, the company operated approximately 1,274 Michaels retail stores in 49 states and Canada. It also serves customers through Michaels.com, ConsumerCrafts.com, Canada.Michaels.com, Darice.com, and AaronBrothers.com websites, as well as through its Michaels app. The Michaels Companies, Inc. was incorporated in 1983 and is headquartered in Irving, Texas.
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Stocks & Indices
The Michaels Companies, Inc. has the following listings and related stock indices.
Stock: NASDAQ: MIK wb_incandescent
Key People
Founder(s): Michael J. Dupey
Ashley Buchanan (CEO)
Financials
Revenue: US$5.072 billion (2019)
Operating income: US$515.04 million (2019)
Net income: US$272.6 million (2019)
Total assets: US$3.838 billion (2019)
Total equity: US$−1.446 billion (2019)