Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Michaels is a major arts and crafts retailer selling supplies for framing, floral, home décor, scrapbooking, seasonal projects, and everyday crafting. The company operates a large store footprint across the U.S. and Canada and also sells online.
Is Michaels a public company?
No. Michaels agreed to be acquired in 2021 and was taken private after the transaction closed. Because of this, newer company-wide revenue numbers are not reported as consistently as they were when Michaels was public.
Key Metrics Table
| Metric | Figure | Year / label | Source |
|---|---|---|---|
| Ownership | Acquired; company taken private | 2021 | Apollo (completion) |
| Employees | 44,000 | 2020 (historical) | Michaels 2020 filing (PDF) |
| Stores | 1,290 stores | LinkedIn snapshot (2023) |
Historical Michaels Net Sales and Net Income (Public-Era Benchmarks)
| Year | Net sales | Net income | Source |
|---|---|---|---|
| 2019 | $5.072B | $272M | |
| 2018 | $5.271B | $319M | |
| 2017 | $5.361B | $390M |
FAQ
How many stores does Michaels have?
One public snapshot listed 1,290 stores (LinkedIn, 2023). Treat this as a dated reference unless a newer company statement is published. Source
When did Michaels go private?
Michaels was acquired and taken private in 2021. Source
Sources
- Apollo acquisition completion: Apollo
- Historical sales/profit and employees: Michaels (PDF)
