Michaels Stores, Inc.: Company Profile and SWOT Analysis

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					Michaels Stores, Inc.

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Michaels Stores, Inc.                                                       Key Employees
                                                                            Name                       Job Title
Fast Facts
                                                                                                       Chief Financial Officer,
                                   8000 Bent Branch Drive, Irving, 75063,   Charles M. Sonsteby        Chief Administrative
Headquarters Address
                                   United States of America
                                                                                                       Officer
Telephone                          + 1 972 4091300                                                     Chief Financial Officer,
                                                                            Elaine D. Crowley
                                                                                                       Executive Vice President
Fax                                N/A                                      Gerry M. Murphy            Director

Website                            www.michaels.com                         James A. Quella

Ticker Symbol, Stock Exchange      N/A                                      John B. Menzer             Chief Executive Officer

Number of Employees                10,900                                                              Senior Vice President—
                                                                            John J. Wyatt
                                                                                                       Corporate Development
Fiscal Year End                    January                                  Josh Bekenstein            Director

Revenue (in US$ million)           N/A                                      Lewis S. Klessel           Director

                                                                            Matthew S. Levin           Director
                                                                                                       Senior Vice President,
                                                                            Michael J. Veitenheimer    General Counsel,
SWOT Analysis                                                                                          Secretary


Strengths                          Weaknesses                               Company Overview
Broad product portfolio            Geographic concentration
                                                                            Michaels Stores, Inc. (Michaels) is a specialty
                                                                            retailer of art and craft materials for educational
Leading market position            Legal proceedings                        and creative activities. Its product line includes
                                                                            art supplies, home decor products, bakeware,
Strong marketing strategies                                                 scrapbooking, gift cards, craft materials and
                                                                            seasonal products. It operates 1,047 stores
Opportunities                      Threats                                  under the brand name Michaels, and 137 stores
                                                                            under Aaron Brothers banner. Michaels primarily
                                   Competition from non-specialty           operates in the US and Canada. The company
Changing demographics
                                   retailers                                is headquartered in Irving, Texas, US.
Growth of web-based stores         Increase in online theft in the US
                                                                            Key Competitors
Store expansion                    Rise in labor wages
                                                                            A.C. Moore Arts & Crafts, Inc. (Ticker: ACMR)

                                                                            Hobby Lobby Stores, Inc.

                                                                            Jo-Ann Stores, Inc. (Ticker: JAS)

                                                                            The Longaberger Company




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Michaels Stores, Inc. - SWOT Profile                                                                               Page 1
Michaels Stores, Inc.

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TABLE OF CONTENTS

1     Business Analysis ................................................................................................................................... 4
    1.1     Company Overview .................................................................................................................................................4
    1.2     Business Description ...............................................................................................................................................4
    1.3     Major Products and Services ...................................................................................................................................5
2     Mergers & Acquisitions and Partnerships ............................................................................................. 6
    2.1     M&A and Partnerships Strategy ..............................................................................................................................6
3     Recent Developments ............................................................................................................................. 7
4     SWOT Analysis ........................................................................................................................................ 9
    4.1     SWOT Analysis - Overview .....................................................................................................................................9
    4.2     Strengths .................................................................................................................................................................9
    4.3     Weaknesses ............................................................................................................................................................9
    4.4     Opportunities .........................................................................................................................................................10
    4.5     Threats ...................................................................................................................................................................10
5     Michaels Stores, Inc. - Company Statement ........................................................................................ 12
6     Michaels Stores, Inc. - History .............................................................................................................. 14
7     Michaels Stores, Inc. - Key Employees ................................................................................................ 15
8     Michaels Stores, Inc. - Key Employee Biographies............................................................................. 16
9     Michaels Stores, Inc. - Locations and Subsidiaries ............................................................................ 17
    9.1     Head Office ............................................................................................................................................................17
    9.2     Other Locations and Subsidiaries ..........................................................................................................................17
10    Appendix ................................................................................................................................................ 19
    10.1    Methodology ..........................................................................................................................................................19
    10.2    Disclaimer ..............................................................................................................................................................19




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List of Tables

				
DOCUMENT INFO
Description: This SWOT analysis and company profile is a crucial resource for industry executives and anyone looking to gain a better understanding of the company's business. ICD Research's "Michaels Stores, Inc.: Company Profile and SWOT Analysis" report utilizes a wide range of primary and secondary sources, which are analyzed and presented in a consistent and easily accessible format. ICD Research strictly follows a standardized research methodology to ensure high levels of data quality and these characteristics guarantee a unique report.
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