LAST UPDATED: 05/24/2013, 6:20 AM EDT
MICHAELS STORES INC has reported these experts in their SEC filings. From underwriters to attorneys, these are the people influencing MICHAELS STORES INC’s IPO.
Raised in IPO
Expected Share Price
|Proposed Exchange||New York Stock Exchange|
|Expected Share Price||---|
|Shareholder Shares Offered||$0|
|Locked Up Period Days||180|
|Locked Up Expiration||---|
|Quiet Period Expiration||---|
0 of Positive Articles have been written about MICHAELS STORES INC.
MICHAELS STORES INC IPO offering is $500,000,000.00.
At the current offering one share would be 0.
We believe Michaels is where creativity happens. With 1,196 stores (consisting
of 1,066 Michaels stores and 130 Aaron Brothers stores) and $4.2 billion in
sales in fiscal 2011, Michaels is the largest arts and crafts specialty
retailer in North America. We have approximately as many stores as
largest direct competitors combined. Our mission is to inspire and enable
customer creativity, create a fun and rewarding place to work, foster
meaningful connections with our communities and lead the industry in growth
and innovation. With crafting classes, store events, project sheets, store
displays, mobile applications and proprietary online content, we believe we
offer the most complete arts and crafts experience and are the preferred
destination in the industry.
We focus on building strong customer relationships through our innovative
merchandise offering, engaging store experience and multi-channel marketing.
Our stores are at the heart of our customer engagement strategy, showcasing
our artistic and creative products and providing an opportunity for our
knowledgeable store associates to interact with customers and help them
develop creative ideas. We carry a broad and deep assortment of approximately
35,000 stock-keeping units ("SKUs") in arts, crafts, scrapbooking, floral,
framing, home décor, seasonal offerings and children's hobbies that enable
us to satisfy the diverse needs of our customers. In recent years, we have
capitalized on our market-leading scale to create a team and infrastructure
dedicated to designing, sourcing and delivering high quality, on-trend
merchandise, including a growing number of products under our portfolio of
private brands. These private branded products, which represented
approximately 44% of total Net sales in fiscal 2011, are only available
at Michaels and allow us to further differentiate our merchandise while
enhancing product margins. We believe our compelling store experience
and broad product offering distinguish us from our competitors, drive
customer loyalty, increase the frequency of customer visits and position
Michaels as the brand that defines arts and crafts.
In recent years, our experienced management team has undertaken a series of
transformative initiatives designed to enhance the strength of our business
and our potential for future growth. Our primary initiatives include:
â¢ Enhancing our store experience
â¢ Initiating a comprehensive digital marketing campaign
â¢ Reinventing our approach to merchandising and sourcing to introduce on-trend
products and improve margins
â¢ Launching several high-quality private branded product lines
â¢ Developing new store formats to facilitate expansion
â¢ Building an online platform to strengthen customer engagement
Our principal executive offices are located at 8000 Bent Branch Drive, Irving,
Texas 75063, our telephone number at that address is (972) 409-1300 and our
Internet address is www.michaels.com.