Art and craft supply retailer, Michaels, has announced on its website that it will be launching a marketplace for third-party craft supply sellers, the Michaels Marketplace.
As the craft retailer, Michaels, goes private — again — JOANN and Cricut are going public. Here’s how to understand the implications of these changes.
Mega-retailer Michaels is doing OK, but it’s not out of the woods yet.
Michaels recently announced a transformation of two of their stores in an effort to “re-imagine the optimal maker shopping experience.” We visit one to see what its really like.
Craft retailer Michaels got this quarter’s sales up 11.1% over last year by going hard on e-commerce and new marketing initiatives.
With many retail stores required to shut down in the pandemic, Michaels saw a big bump in e-commerce but overall fell way short of expectations.
Michaels will be closing Darice, its wholesale division, by November 30, 2020. Michaels acquired Darice as part of the Lamrite West acquisition in 2016 along with Pat Catan stores.
Michaels CEO Mark Cosby was ousted after a disappointing third quarter in 2019; Ashley Buchanan has a tough year ahead as coronavirus ravages retailers.
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.