March 01, 2015 3:28 PM ET

Specialty Retail

Company Overview of Michaels Stores, Inc.

Company Overview

Michaels Stores, Inc. operates as an arts and crafts specialty retailer in North America. Its stores offer arts, crafts, framing, floral, home décor, and seasonal merchandise for the hobbyists and do-it-yourself home decorators. The company also provides photo frames, ready-made frames, art prints, framed arts, art supplies, and custom framing services. As of May 31, 2014, it owned and operated 1,145 Michaels stores in the 49 states of the United States, as well as in Canada; and 118 Aaron Brothers stores. In addition, Michaels Stores, Inc. produces private brands, including Recollections, Studio Decor, Bead Landing, Creatology, Ashland, Celebrate It, Art Minds, Artist's Loft, Craft Smart, L...

8000 Bent Branch Drive

Irving, TX 75063

United States

Founded in 1962

11,300 Employees

Phone:

972-409-1300

Key Executives for Michaels Stores, Inc.

Chief Executive Officer, Director and Member of Nominating & Corporate Governance Committee
Age: 54
Chief Financial Officer and Chief Administrative Officer
Age: 60
Interim Chief Operating Officer and Director
Age: 46
Executive Vice President of Supply Chain
Age: 59
Executive Vice President of Merchandising
Age: 55
Compensation as of Fiscal Year 2014.

Michaels Stores, Inc. Key Developments

Glancy Binkow & Goldberg Announce Class Action Lawsuit Against Michaels Stores Concerning Employee Background Checks

Glancy Binkow & Goldberg LLP has filed a class-action lawsuit against Michaels Stores concerning the manner in which it performs employee background checks. The action is currently pending in the United States District Court for the Western District of Missouri, Raini Burnside v. Michaels Stores, Inc., Case No. 6:15-cv-03010-MDH (filed January 9, 2015). The Burnside case alleges that Michaels violated the Fair Credit Reporting Act (FCRA) by conducting background checks on thousands of prospective and current employees without properly disclosing that a check would be performed. An employer who fails to comply with the FCRA may be liable to the employee or job applicant for any actual damages or statutory damages of $100 to $1,000 per violation.

Michaels Stores, Inc. Presents at 17th Annual ICR XChange 2015, Jan-13-2015 09:00 AM

Michaels Stores, Inc. Presents at 17th Annual ICR XChange 2015, Jan-13-2015 09:00 AM. Venue: JW Marriott Orlando Grande Lakes, Orlando, Florida, United States.

Michaels Stores Recalls Folding Tables Due to Fall Hazard

Michaels Stores announced recall of Folding Tables due to fall hazard. The folding tables can collapse under excessive weight, posing an impact or falling hazard. The Ashland Summer Living Vintage Wood Folding Table has a 14-inch round tabletop made of red medium density fiberboard. The table legs are brown metal, and the table stands about 22.5 inches high. A latch on the underside of the tabletop secures the table in an upright position when the table legs are separated forming an "X" position. When the table leg is released from this latch, the legs fold together and the tabletop folds down against the legs in a flat position. SKU 309950 and UPC 886946388804 are printed on a hangtag on the tables. Phase MDF and 01276 are printed on a black and white label under the table. There have been four reports of consumers sitting on the tabletop and falling when the tables collapsed, resulting in injuries to the back, leg or hip. Sold exclusively at: Michaels Stores nationwide from April 2014 to May 2014 for about $30.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 11, 2014
Academy Sports + Outdoors in McKinney and Michaels Store in Wausau
 

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