Michaels Arts and Crafts Store | 8066 Concord Mills Blvd, Concord (2024)

FAQs

Who is the owner of Michaels crafts? ›

Both stores sell products like canvases, sketchbooks, brushes, and paints, but Michaels has a greater variety of brands and prices to choose from. Michaels' wider product variety includes higher quality art supplies that Hobby Lobby does not sell.

In March 2021, The Michaels Companies agreed to be acquired by private equity company Apollo Global Management, taking the company private.

As the leading creative destination in North America, we operate over 1,300 stores in 49 states and Canada and online at Michaels.com and Michaels.ca.

We are a welcoming, respectful, and nurturing community that provides education, resources, and support to Team Members and Makers of all faiths as well as those that are unaffiliated with a specific faith.

As a reminder, Michaels was taken private in March 2021 for $3.3B by Apollo Global Management. Michaels Stores, Inc.

It owns a chain of arts and crafts stores with a volume of over $5 billion in 2018. The chain has 1,001 stores in 48 U.S. states. The Green family founded Hobby Lobby to express their evangelical Protestant beliefs and the chain incorporates American conservative values and Christian media. Hobby Lobby Stores, Inc.

We will match pricing for the retailers listed in our Coupon Policy and Price Match Guarantee Policy, including, for example, Hobby Lobby and Jo-Ann's. To receive a competitor's price in store, customers must present the competitor's advertising either through print version or mobile/digital (e.g. phone).

Joann Fabrics vs Michaels Prices

Joanns is the older of the two stores, having been founded in Cleveland in 1943. Michaels, on the other hand, was founded in Texas in 1943. Both stores now have a commanding presence across the country. By most accounts, prices at Michaels are higher than those at Joanns.

(NYSE:APO) (together with its consolidated subsidiaries “Apollo”) today announced that they have entered into a definitive merger agreement pursuant to which investment funds managed by affiliates of Apollo have agreed to acquire the Company in a transaction that values Michaels at an equity value of approximately $3.3 ...

Why is it called Michaels? ›

Two decades before the 450th Michaels arts and crafts store opened in 1996 the first store was established, its creation the work of a young, enterprising businessman that retail analysts would later hail as a “merchandising genius.” His name was Michael Dupey, and he got his start in 1973 when he converted one of a ...

Joann — the craft store chain formerly known as Jo-Ann Fabrics — has filed for bankruptcy amid ongoing financial troubles. But DIYers need not worry just yet: The company's more than 800 stores nationwide will remain open and its website will stay active as the Hudson, Ohio-based company restructures its finances.

The Best Choice for Your Crafting Needs – Winner: You!

Hobby Lobby is also the more budget-friendly option. If you're looking for a wide variety of high-end quality products, or if you prefer the convenience of shopping and learning virtually, Michaels is the best choice for you.

The Michaels Companies Debt to Cash Allocation

The Michaels Companies has 4.21 B in debt. The Michaels Companies has a current ratio of 1.29, demonstrating that it may not be capable to disburse its financial commitments when the payables are due.

This ranking depicts the number stores of the leading hobby and craft retailers in the United States in 2018. In that year, Michaels Stores had the most stores, with 1,124 stores in operation throughout the United States.