michael’s

Retail
Michaels Unveils Two New Concept Stores

Michaels recently transformed two existing hometown retail locations as part of a larger strategy to reimagine the optimal maker shopping experience. Customers in the North Texas suburbs of McKinney and Plano can expect an entirely new look and feel when they visit their local store.

Retail
Michaels Hiring For The Holidays

Looking ahead to the holiday season, Michaels said it will hire more than 16,000 seasonal workers across its store and distribution network in the U.S. and Canada.

Retail
Michaels Names Buchanan President/CEO

Michaels has tapped Ashley Buchanan, an experienced retail executive from Walmart, as the retailer’s president and chief executive officer designate and appointed him to the company’s board of directors, effective January 6, 2020.

Financials
Michaels Q3 Comps Decline

In a third quarter marked by an impairment charge, Michaels reported a net sales and net income decline, although the retailer said it plans for operational improvements.

Retail
Michaels Strengthens Senior Leadership Team

Michaels has made several changes to its senior executive leadership team. Vidya Jwala has been appointed to the newly created role of chief customer officer, Scott Lindblom has been promoted to evp/chief information officer and Holly Shaskey-Platek has been promoted to evp/chief human resources officer.

Financials
Charges Impact Michaels In Q1

Costs associated with the departure of its former CEO, Chuck Rubin, the closure of the company’s Pat Catan’s stores and lower comparable sales were factors that hit Michaels first quarter financial results.

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