Michaels reports third-quarter sales up 15%
The Michaels Companies, Inc. announced a third-quarter fiscal 2020 net sales increase of 15.1% to $1.406 billion; comparable store sales increase of 16.3%; including e-commerce growth of 128.0%. “Michaels delivered strong third-quarter results highlighted by comparable-store sales growth of 16.3%, which was driven by robust consumer demand, improved retail execution and continued progress against our strategic initiatives,” said Ashley Buchanan,...
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