Content about Michaels

March 13, 2013

Michaels Stores said its fourth-quarter profit rose 15%, boosted by higher sales.

Irving, Texas -- Michaels Stores said its fourth-quarter profit rose 15%, boosted by higher sales.
   
For the three months ended Feb. 2, the company said net income rose to $112 million, up from $97 million in the year ago period.

Revenue rose 9% to $1.52 billion, helped by an extra week in the quarter. Same-store sales increased 1.7%, with a 2.3% increase in the average ticket.

For the year, net sales increased 15% to $4.41 billion. Net income totaled $214 million, up from $176 million in fiscal 2011.

September 6, 2012

Loyalty solution-provider Alliance Data Systems Corp. said that its Canadian coalition loyalty business has signed a new agreement with Michaels of Canada, a subsidiary of Irving, Texas-based Michaels Stores, to issue Air Miles reward miles across multiple Canadian provinces.

Dallas -- Loyalty solution-provider Alliance Data Systems Corp. said Thursday that its Canadian coalition loyalty business has signed a new agreement with Michaels of Canada, a subsidiary of Irving, Texas-based Michaels Stores, to issue Air Miles reward miles across multiple Canadian provinces.

August 23, 2012

Michaels Stores Inc. reported that its net income rose 30% to $13 million for the quarter ended July 28, from $10 million in the year-ago period.

Irving, Texas -- Michaels Stores Inc. reported that its net income rose 30% to $13 million for the quarter ended July 28, from $10 million in the year-ago period. The retailer said an increase in total transactions and custom framing helped boost second-quarter earnings for the arts and crafts retailer.

Total sales for the quarter ending July 28 rose 4.1% to  $892 million. Same-store sales increased 2.9%.

Michaels filed for an IPO in March.
 

August 15, 2012

Michaels Stores is taking its energy conservation efforts to the next level. The arts and crafts retailer has rolled out several advanced extensions to its energy management system. The extensions are expected to bring Michaels’ total EMS-related savings to more than 30%.

July 23, 2012

Michaels Arts and Crafts said it will be seeking a new top executive to replace CEO John Menzer, who has resigned to recover from a stroke.

Irving, Texas -- Michaels Arts and Crafts said Friday it will be seeking a new top executive to replace CEO John Menzer, who has resigned to recover from a stroke.
 
After Menzer suffered a stroke in April, Michaels created an office of the CEO comprised of Lew Klessel, interim COO and a managing director of Bain Capital, and Chuck Sonsteby, Michael’s chief administrative officer and CFO. The pair will continue to lead the company until Menzer’s successor is hired.

June 26, 2012

Michaels Stores creative expert Jo Pearson will serve as one of three judges on TLC's new competition series, "Craft Wars."

Irving, Texas — Michaels Stores creative expert Jo Pearson will serve as one of three judges on TLC's new competition series, "Craft Wars." The show, hosted and executive produced by celebrity crafter Tori Spelling, premieres June 26 at 10 p.m. Eastern (9 p.m. Central time).

April 18, 2012

Siemens Building Technologies Division announced that Michaels Stores recently rolled out a series of Siemens advanced extensions to the Site Controls’ energy management system (EMS).

Buffalo Grove, Ill. -- Siemens Building Technologies Division announced that Michaels Stores recently rolled out a series of Siemens advanced extensions to the Site Controls’ energy management system (EMS). The extensions will provide Michaels a cash-on-cash payback of 20 months, and an ROI exceeding 90%. In addition, the investment will drive further reductions in Michaels’ carbon footprint, the environmental equivalent of 5,600 cars from the road each year.

March 30, 2012

Michaels Stores Friday confirmed that it is has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to the proposed initial public offering of its common stock.

New York -- Michaels Stores Friday confirmed that it is has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to the proposed initial public offering of its common stock. According to the filing, the company proposed to raise $500 million in the IPO. The number of shares to be sold and the price range for the proposed offering have not yet been determined.

August 22, 2011

Michaels Stores and procurement management firm LogicSource announced a five-year agreement under which LogicSource will provide print procurement and related services to Michaels.

Norwalk, Conn. -- Michaels Stores and procurement management firm LogicSource announced a five-year agreement under which LogicSource will provide print procurement and related services to Michaels. More than $250 million of print and promotional spend will be covered over the life of the contract.
 

May 13, 2011

Michaels said on Friday it has removed the PIN pad tampering threat from its U.S. stores and believes it has identified the time frame that customer information was exposed.

Irving, Texas -- Michaels said on Friday it has removed the PIN pad tampering threat from its U.S. stores and believes it has identified the time frame that customer information was exposed. Based on the latest information available, exposed PIN pad transactions occurred from Feb. 8 through May 6, the date Michaels disabled the tampered devices.

August 31, 2010

Jacksonville, Fla.-based Regency Centers said it has leased retail space in Cincinnati at Hyde Park...

January 12, 2010

Michaels Stores has gone live with RedPrairie’s warehouse management and workforce management solutions in three...

October 18, 2009

Arts and crafts retailer Michaels will open its first-ever Manhattan store on Oct. 25....

October 18, 2009

Arts and crafts retailer Michaels will open its first-ever Manhattan store on Oct. 25....

January 27, 2009

Michaels Stores plans to lay off about 100 employees at its corporate headquarters in Irving,...

October 28, 2008

Real estate investment trust General Growth Properties Inc., the second-largest U.S. mall owner, has replaced...

August 26, 2008

Michaels Stores posted a second-quarter loss of $25 million on Tuesday amid a struggling economy....

June 18, 2008

Sweetbay Supermarket named company Michael T. Vail has been named president and COO of the...

May 29, 2008

Michaels Stores Inc. reported that it has narrowed its first-quarter loss, helped by strong sales...

May 11, 2008

Michaels Stores announced that Harvey S. Kanter, executive VP and managing director, has decided to...

December 31, 2007

South Africa’s dominant department-store retailer, Edgars Consolidated Stores (Edcon), has an aggressive growth strategy...

October 16, 2007

Irving, Texas, Michaels...

October 16, 2007

Irvine, Texas, In...

December 12, 2006

Jo-Ann Fabric and...

November 7, 2005

Irving, Texas, Michaels...