About Michaels Stores
In the year 1984, Michaels Stores became a well-known name with only 16 Michaels stores situated initially in Texas. Gradually, the company started its journey with the help of an aggressive national expansion program.
By the year 1995, the company increased their holdings to more than 500 stores, over tripling their size in order to emerge as the largest arts & crafts speciality retailer all around North America and hey acquired all these achievements by a chain of new store acquisitions and openings.
In the beginning of 1996, the company focused more on expanding profitability of their existing stores through executing a variety of operating initiatives such as installing point-of-sale systems chain-wide and recording item-level sales, implementing standardized merchandise planograms to improve merchandise presentation, decreasing the non-core merchandise, cutting down costs by centralization of certain functions, extending the quality as well as department of their management team.
With time, the company has improved its operations by enhancing its infrastructure. They have invested highly in point-of-sale, perpetual inventory, automated replenishment, distribution, seasonal allocation, human resource, financial, and labour management systems.
Since our founding, the family of Michaels Stores, Inc., the nation’s largest retailer of arts and crafts materials, has been helping crafters of all ages express their imaginations with skill and originality.
With a broad assortment of products, knowledgeable and friendly sales associates, educational in-store events, classrooms, and instructional displays, we offer a shopping experience that inspires our customers to pursue their creative goals.
At Michaels Stores, Inc. we provide the ideas and education to complete an array of artistic, leisure, and home accents projects for beginners and experts from start to finish.
Michaels stores can be found in 49 states and Canada and offer a large selection of arts, crafts, framing, floral, wall décor, and seasonal merchandise. They carry approximately 37,000 basic items and average 18,300 square feet of selling space. As of March 30, 2009, we had 1,018 Michaels stores in operation.