Are you going to buy Michaels?
Are you going to buy Michaels? That question should only be posed to investment firms. Michaels Stores, the company that sells arts and crafts supplies, has hired JP Morgan to research and initiate a sale of the company, Reuters reports.
Also mentioned in the article is news that the CEO, R. Michael Rouleau, is retiring.
This past weekend, my fiance and I took a trip to the Carolinas, and it really sunk in how big Michaels is when we saw a store right away. I just read that they have almost 1000 stores, including Arrons framing stores. Who knew the arts and crafts business was so big?
Also mentioned in the article is news that the CEO, R. Michael Rouleau, is retiring.
This past weekend, my fiance and I took a trip to the Carolinas, and it really sunk in how big Michaels is when we saw a store right away. I just read that they have almost 1000 stores, including Arrons framing stores. Who knew the arts and crafts business was so big?
posted by instoremarketer at 8:33 AM
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