Michaels collaborates with Instacart for same-day delivery
- BySeeking Alpha-
Michaels Cos. (MIK)fell 0.5%after it revealed in a filing that it received no offers during its go-shop period, which expired on Saturday, after it agreed to be sold to Apollo...
Michael Cos. (MIK) is starting to pare some gains after unidentified Party A informed the arts/crafts retailer's legal adviser that it no longer intended to pursue an acquisition...
Large capitalization stocks typically receive significant headlines as well as a higher share of allocated investor funds. Yet, most financial planners and academic research concur...
Shares of The Michaels Companies (NASDAQ:MIK) MIK rallied 22% on Mar 3, after signing a definitive agreement to be acquired by Apollo Global Management (NYSE:APO), Inc. APO for $5...
The Michaels Companies, Inc. (Michaels) is an arts and crafts specialty retailer in North America. The Company's segments include Michaels-U.S., Michaels-Canada, Aaron Brothers, Pat Catan's and Darice. As of January 28, 2017, the Company operated 1,223 Michaels retail stores in 49 states and Canada, with approximately 18,000 average square feet of selling space per store. It operated 109 Aaron Brothers stores in nine states, with approximately 5,500 average square feet of selling space and 35 Pat Catan's stores in five states, with approximately 32,000 average square feet of selling space, as of January 28, 2017. The Company also operates an international wholesale business under the Darice brand name. The Company's stores purchase custom frames, framing supplies and mats from its framing operation and subsidiary, Artistree, Inc. (Artistree), which consists of a manufacturing facility and four regional processing centers.