Michaels is an American multinational chain of stores that sell craft supplies and similar products. Actually, this chain of stores appears to be the largest one that specializes in selling exactly this type of goods, especially considering that its stores can be found across the United States and Canada. This Michaels Near Me page will provide you with the information about this chain of craft supply stores, enable you to locate Michaels stores nearby, and obtain coupons and save a bit of your money.
The history of this chain can be traced back in 1973, when Michael J. Dupey, a businessman, opened the first Michaels store in a shopping mall of Dallas, Texas. A decade later, the store received revenues as large as $10 million. Samuel Wyly, another businessman from Texas, bought out a controlling part of the Michaels shares. In the meantime, the money Samuel Wyly invested in Michaels allowed Dupey to open the first MJ Designs store – later, it was bought out by Michaels as well.
The Michaels chain has gone public by 1984, when it had no more than 16 stores functioning. A decade later, this company started an aggressive expansion into the American and Canadian markets by buying out other companies. In 1994, Michaels purchased another chain (called “Treasure House Crafts”) that specialized in selling craft supplies in the Northwestern American States. In addition to that, Michaels also acquired such companies like H&H Craft & Floral, as well as Oregon Craft & Floral Supply. Yet, the biggest reward was its acquisition of Leewards Creative Crafts and its 101 stores, which allowed Michaels to gain a solid ground in the Northeastern and Midwestern United States.
Just two years later, the company has already opened its 450th store. However, the Michaels chain was actually bought out as well in 2006 by Blackstone Group and Bain Capital, private equity firms. The deal was worth $6 billion and the company acquired the equal number of shares out of the 93 percent stake – the remaining 6.2 percent of the company belonged to Highfields Capital Management. In 2014, the company conducted IPO, the results of which suggested that the entire chain was worth $3.86 billion.
As of the present time, the chain of Michaels stores is as large as to be exceeding 1,350 locations in the United States and Canada. Michaels stores sell goods and supplies necessary for crafts and arts, including greenery, framing, paints, kids’ crafts, floral items, home décor items, rubber stamping, knitting, beading, and scrapbooking products. Moreover, the company also owns exclusive rights on selling certain brands in its stores, including Loops & Threads, Craft Smart, Artist’s Loft, Art Minds, Celebrate It, Ashland, Creatology, Bead Landing, Studio Décor, and Recollections. If you are interested in it and wish to visit the closest Michaels store, you should scroll this Michaels Near Me page a bit down.
Michaels Near Me: Locations
Michaels’ headquarters – even though the company was founded in Dallas, Texas – is based in Irving, Texas. At the present time, the company is represented in the United States and Canada by its 1,367 stores, the majority of which, however, are located in Texas.
At this point of our Michaels Near Me page, you get a chance to find the closest Michaels stores with ease and within a couple of moments. For that purpose, we suggest you to utilize this map:
Michaels Near Me: Hours
Michaels stores are operated and run by the same company, which makes it easier to understand their schedules and working hours. Actually, Michaels stores in both Canada and the United States strive to follow the same pattern, yet there may be some insignificant differences in their schedules. At this point of the Michaels Near Me page, you will find out about the working hours of the stores of this chain. So, commonly accepted schedules in Michaels stores include:
- From 9:00 A.M. to 9:00 P.M. every day except Sundays, from 10:00 A.M. to 7:00 P.M on Sundays.
- From 10:00 A.M. to 9:30 P.M. every day except Sundays, from 10:00 A.M. to 6:00 P.M. on Sundays.
Michaels Near Me: Coupons
Michaels stores are a place where you can buy anything needed for crafts and art creation. Yet, you can also save your money by taking advantage of numerous deals and coupons. How to do it? Well, we suggest you to check out the deals and coupons on the official website of Michaels at first.
In addition to that, you can also find even a larger number of coupons on other websites, which typically specialize in distributing coupons. In order to take advantage of Michaels coupons, we can suggest you to make use of the following sources:
Besides, you may also need to find Menards stores nearby. In such a case, you should definitely take advantage of this page on our website.