The Michaels Companies, Inc. is an American company that is one of North America's largest provider of arts, crafts, framing, floral and wall décor, and merchandise for makers and do-it-yourself home decorators. The company was founded by Michael J. Dupey in Dallas, Texas. The Michaels Companies' corporate headquarters are located in Irving, Texas. The Michaels Companies, Inc. owns and operates more than 1,250 Michaels stores.
In 1973, Dallas businessman Michael J. Dupey founded Michaels in Dallas, Texas. In 1982, Dallas businessman Sam Wyly bought a controlling interest in the company, when there were 11 outlets with annual revenues around $10 million. After the sale, Dupey founded MJ Designs, which was later bought out by The Michaels Companies.
The Michaels Companies, Inc. (NASDAQ: MIK), today announces the official launch of its new e-commerce website designed to provide online shoppers in Canada with a frictionless digital shopping experience. From the aisles of Michaels, to the click of a mouse, customers can for the first time browse and shop North America’s largest selection of arts, crafts, framing, floral, wall décor and seasonal merchandise for the maker, all online, 24 hours a day.