MIK - MIK STOCK NEWS

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The Michaels Companies, Inc., symbolized as MIK on the stock market, stands as North America's leading creative destination. Founded in 1973 and headquartered in Irving, Texas, Michaels operates over 1,300 stores across 49 states and Canada, and offers a robust online presence through Michaels.com and Michaels.ca. The company aims to fuel the joy of creativity by providing an extensive range of arts and crafts supplies, home décor, framing, and seasonal products.

Recently, Michaels has launched MakerPlace by Michaels, an innovative online marketplace designed to support handmade artists and connect them with shoppers seeking unique, handcrafted items. MakerPlace features hundreds of thousands of SKUs, ranging from jewelry and home décor to crafting arts and clothing, and offers maker-led classes and how-to guides. By lowering barriers to entry with free product listings and low referral fees, MakerPlace empowers artists and makers to grow their own businesses and earn more on each sale.

Michaels continues to evolve its product assortment to cater to a wider audience. This month marks the rollout of an enhanced fabric collection to hundreds of additional locations, reflecting the company’s commitment to fulfilling customer needs. With prices starting at $.89 per yard, Michaels ensures affordability and variety in fabric choices.

In its mission to make creativity accessible, Michaels has implemented price reductions across several popular categories. Customers can now enjoy lower prices on items like paint, markers, canvases, and T-shirts. This initiative aims to provide exceptional value for every customer, reinforcing Michaels as the go-to source for all creative needs.

Besides retail, Michaels also owns Artistree, a manufacturer of custom and specialty framing merchandise. With a comprehensive approach to supporting creativity, Michaels continues to invest in customer value, community engagement, and innovative platforms like MakerPlace to keep creativity thriving.

For more information, visit Michaels.com.

04/18/2024 08:00 AM

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Michaels Lowers Prices on Thousands of Arts, Crafts and DIY Items

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Michaels, the best place for all things creative, has announced lower prices on over 5,000 items across arts, crafts, DIY, and home décor categories. Customers can now enjoy savings of up to 40% on popular items like paint, markers, canvases, and more. CEO Ashley Buchanan emphasizes the importance of delivering exceptional value to customers, making creativity more affordable. Michaels is investing in customer value through price reductions and ongoing savings for Michaels Rewards Program members.

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03/07/2024 09:00 AM

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Michaels Debuts MakerPlace by Michaels “Respect the Handmade” Brand Campaign and In-Store Selling Pilot to Celebrate Handmade Artists and Creators

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Michaels unveils brand campaign for MakerPlace by Michaels and launches in-store selling pilot, deepening commitment to support handmade sellers and shoppers.

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03/06/2024 09:00 AM

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Michaels Announces Plans to Expand Assortment and Lower Prices on Fabric

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Michaels to expand fabric assortment and lower prices at hundreds of store locations, aiming to cater to creative customers and fill marketplace gaps.

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11/01/2023 08:00 AM

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Michaels Officially Launches MakerPlace by Michaels

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Michaels has officially launched MakerPlace, an online marketplace that offers handmade goods, artist-led classes, how-to guides, and access to Michaels' supplies and componentry. The platform aims to support customers in their creative pursuits and provide a new way to buy and sell unique handmade art, gifts, goods, and classes. MakerPlace offers free product listings, low referral fees, and additional earning opportunities for sellers through virtual classes and how-to guides. The platform also provides flexible membership tiers, shipping options, and discounts on Michaels products for sellers.

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10/12/2023 08:50 AM

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Michaels Unveils 2023 Holiday Décor Collections and Store Hours

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Michaels unveils exclusive holiday décor collections with prices starting at $5.99 USD

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08/29/2023 08:04 AM

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Michaels Finds 80% of Gen Z and Millennials Celebrate Halloween; 1 in 4 Report Living for the Holiday

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Michaels survey reveals that Halloween is the most inclusive holiday for Gen Z and millennials, with nearly 70% naming it as such. Two-thirds of younger generations take a sustainable approach to Halloween, with 45% upcycling and thrift shopping for costumes. Barbie and Ken are predicted to dominate costumes and décor trends this year. 60% of Gen Z and millennials have some level of superstition around Friday the 13th. Michaels is the go-to Halloween shop for all types of celebrants.

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08/14/2023 08:11 AM

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Michaels Unveils Refreshed Brand Identity Celebrating a New Era of Creativity

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Michaels, the best place for all things creative, has unveiled a new brand identity focused on helping customers bring their creative ideas to life. The updated tagline of 'Everything to Create Anything' supports the new strategy by expanding to reach the many kinds of creativity represented in Michaels' assortment. The brand refresh was designed to reflect the company's purpose of 'fueling the joy of creativity' and includes bold colors, playful fonts, and highly textured macro imagery. Michaels aims to position itself as the single destination for creatives to get inspired, learn, shop, and create.

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07/20/2023 09:00 AM

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Halloween Has Arrived: Michaels Launches the Season with 100 Days to Halloween

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Michaels announces its “100 Days to Halloween” campaign, with an early drop of Halloween decor collections on July 21. Four exclusive collections will be released over the coming weeks. Michaels is positioning itself as the one-stop-Halloween shop for all Halloween enthusiasts.

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06/26/2023 09:00 AM

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Michaels Spotlights Project Sunshine Throughout July to Support Creative Play for Pediatric Patients

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05/15/2023 06:00 AM

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Camp Creatology, Michaels’ Free Summer Crafting Camp for Kids, Returns with New Project Kits and In-Store Classes Nationwide

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FAQ

What is The Michaels Companies, Inc.?

The Michaels Companies, Inc. is a leading North American retailer specializing in arts and crafts supplies, home décor, and seasonal products.

What is MakerPlace by Michaels?

MakerPlace by Michaels is an online marketplace that supports handmade artists and connects them with shoppers seeking unique, handcrafted items.

How many stores does Michaels operate?

Michaels operates over 1,300 stores across 49 states and Canada.

Where is The Michaels Companies, Inc. headquartered?

The Michaels Companies, Inc. is headquartered in Irving, Texas.

What recent initiatives has Michaels undertaken?

Michaels has recently launched MakerPlace, enhanced its fabric assortment, and reduced prices on popular items to provide greater value to customers.

How does MakerPlace benefit artists and makers?

MakerPlace offers free product listings, low referral fees, and additional earning opportunities through virtual classes and how-to guides.

What is Artistree?

Artistree is a manufacturer of custom and specialty framing merchandise owned by The Michaels Companies, Inc.

How can I shop at Michaels?

You can shop at Michaels by visiting one of their physical stores or online at Michaels.com and Michaels.ca.

Does Michaels offer discounts?

Yes, Michaels provides everyday savings through price reductions on popular items and offers additional discounts for Michaels Rewards Program members.