Michaels Stores Inc: Strategic Corporate Assessment

Introduction

Michaels Stores (Michaels) is one of the largest arts and crafts specialty retailers in the US. It plans to strengthen its position in the US market by opening new stores across the region, increasing the product mix and in-store customer service experience.

Scope

• Contains corporate strategy, value chain presence and SWOT Analysis
• Provides detailed business description, segment analysis, 5-year financial trends, key products and key competitors
• Includes information on suppliers/ partners, shareholding structure and key employees with biographies

Highlights

• Michaels is one of the largest arts and crafts specialty retailers in the US. The company operates 1,108 stores across 48 states in the US as well as in parts of Canada. It operates Michaels, Aaron Brothers, Recollections and Star Decorations Wholesale.
• Michaels offers a wide range of products including needle crafts, bead supplies, candle supplies, dried floral supplies, picture framing and party supplies. The company proposes to increase its revenues and profits by strengthening its position as the largest North American player in the arts and crafts, home accents and custom framing markets.
• Michaels operates a vertically integrated manufacturing unit named Artistree. The vertical integration gives Michaels greater control over its operations and a competitive advantage over its peers

Reasons to Purchase

• Access all the important information and analysis on the company in a single report
• Understand company's strengths, weaknesses, opportunities and threats along with business strategy and value chain
• Gain access to company's adjusted five year financial data along with key ratios and market capitalization