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Michaels expands framing and same-day printing services New Products 

Michaels expands framing and same-day printing services

GaryPageau
Michaels Inc. is now offering same-day, larger-format fine art prints (up to 16×20) and more than 15 custom mat templates. Ir’a innovative 10-Minute Custom Framing service starts at just $29. The copmany is offering print sizes from 4×4 inches on up to 16×20 while you wait. This service remains a cornerstone of the same-day offerings, providing multiple frame finishes, 8×8... Read More
Michaels adds third-party marketplace News 

Michaels adds third-party marketplace

GaryPageau
Hobby and craft retailer Michaels launch an online marketplace with an expanded assortment to better support the tens of millions of creatives visiting Michaels.com each month. Through a curated selection of third-party sellers, “the marketplace exponentially grows Michaels’ online assortment in new and existing categories to provide an even wider selection at the quality expected of Michaels within a best-in-class... Read More
Michaels reports third-quarter sales up 15% News 

Michaels reports third-quarter sales up 15%

GaryPageau
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,... Read More
Michaels Cos reports lower fourth-quarter sales Earnings reports 

Michaels Cos reports lower fourth-quarter sales

GaryPageau 1 Comment
The Michaels Companies Inc. reported a decline in sales for the fourth quarter of fiscal 2019 compared to the prior-year period is due to lower comparable-store sales, the closure of Pat Catan’s stores during the fourth quarter of fiscal 2018, and a decrease in wholesale revenue. This was partially offset by sales related to 16 additional Michaels stores (net of... Read More