THE MICHAELS COMPANIES INC. overview

The Michaels Companies, Inc. and Project Sunshine are partnering this holiday season to bring joy to pediatric patients and their families with a new Under the Sea Craft Kit for kids to use during their hospital stay. Project Sunshine, which provides support for families facing medical challenges and healing through the power of play, worked with Michaels, the largest arts and crafts retailer in North America, to create more than 30,000 Craft Kits. The Craft Kits will be sent to hospitals across...

The Michaels Companies, Inc., the largest arts and crafts retail chain in North America, today announced it will hire over 20,000 seasonal positions across its U.S. and Canada stores and distribution centers in preparation for the 2021 holiday season. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210824005192/en/ Michaels to Hire Over 20,000 Employees for the Holiday Season (Photo: Business Wire) Michaels will host a seasonal hiring...

NEW YORK, NY / ACCESSWIRE / April 1, 2021 / The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on behalf of shareholders of the following publicly-traded companies. The Michaels Companies, Inc. (NASDAQ:MIK) Merger Announcement: March 3, 2021 Investigation Announcement: The investigation seeks to determine whether the proposed $22.00 per share provides sufficient consideration for the Company's shareholders, and...

NEW YORK, NY / ACCESSWIRE / March 30, 2021 / The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on behalf of shareholders of the following publicly-traded companies. The Michaels Companies, Inc. (NASDAQ:MIK) Merger Announcement: March 3, 2021 Investigation Announcement: The investigation seeks to determine whether the proposed $22.00 per share provides sufficient consideration for the Company's shareholders, and...

NEW YORK, NY / ACCESSWIRE / March 22, 2021 / The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on behalf of shareholders of the following publicly-traded companies. The Michaels Companies, Inc. (NASDAQ:MIK) Merger Announcement: March 3, 2021 Investigation Announcement: The investigation seeks to determine whether the proposed $22.00 per share provides sufficient consideration for the Company's shareholders, and...

NEW YORK, NY / ACCESSWIRE / March 19, 2021 / The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on behalf of shareholders of the following publicly-traded companies. The Michaels Companies, Inc. (NASDAQ:MIK) Merger Announcement: March 3, 2021 Investigation Announcement: The investigation seeks to determine whether the proposed $22.00 per share provides sufficient consideration for the Company's shareholders, and...

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of The Michaels Companies (NasdaqGS: MIK) to funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO). Under the terms of the proposed transaction, shareholders of Michaels will receive only $22.00 in cash for each share of Michaels that they own. KSF is seeking to determine whether this consideration and the process that led...

The Michaels Companies, Inc. (NASDAQ: MIK) today announced financial results for the fourth quarter and full year fiscal 2020 ended January 30, 2021. Key Financial Results: 13 Weeks Ended January 30, 2021 13 Weeks Ended February 1, 2020 52 Weeks Ended January 30, 2021 52 Weeks Ended February 1, 2020 Net Sales $1,916.8M $1,722.6M $5,271.1M $5,072.0M Comp. Store Sales 12.9% -2.4% 4.8% -1.9% Operating Income $342.0M $275.0M $533.5M $515.0M Net Income $255.1M $181.7M $294.9M $272.6M Diluted Earnings...