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.

Michaels Names Cosby Interim CEO

The Michaels Companies has appointed Mark Cosby as interim CEO and board member. Cosby succeeds Chuck Rubin, who has mutually agreed with the board of directors to transition out of his role as CEO.

Michaels Expands Martha Stewart Collection

Michaels and Sequential Brands Group have announced a new Martha Stewart deal. The Martha Stewart label will expand at Michaels, with 300 exclusive new products hitting stores as part of the Martha Stewart Celebrations collection.

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