Is Michaels’ new strategy of focusing on core makers paying off? Michaels Stores Inc. saw sales decline again in the third quarter of 2019 and downgraded its overall outlook for the year. And yet the company reported progress on its e-commerce and community initiatives.
A.C. Moore’s parent company, Nicole Crafts, is getting out of the retail crafts business. Some stores will reopen as Michaels in 2020.