Michaels Stores, Inc., doing business as Michaels, is an American privately held arts and crafts retail chain. It is North America's largest provider of arts, crafts, framing, floral and wall décor, and merchandise for makers and do-it-yourself home decorators.[2] The company is a subsidiary of the Michaels Companies, which was founded in 2014 and headquartered in Irving, Texas. In addition to Michaels stores, the Michaels Companies operates Aaron Brothers Custom Framing store-within-a-store,[4] and Artistree, a manufacturer of custom and specialty framing merchandise. 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.[2]
History
In 1973, businessman Michael J. Dupey founded Michaels in Dallas when he converted a money-losing Ben Franklin