Premium Company Profile: Michaels
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 of this report
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
Research and analysis 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
Key reasons to read this report
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
Table of Contents
Overview
Catalyst
Summary
Table of Contents
tables
Company Structure
Company Overview and Key Facts
Business Description
History
Company Locations and Subsidiaries
Head Office
Other Locations and Subsidiaries
Company Financials
Overview
Revenue by Geography
Products and Services List
Major products and services
List of Products
List of Brands
Competitors and strategic business relationships
Top Competitors
Suppliers and Partners
Strategy
Mission
Strategy
Increase sales and productivity of existing Michaels stores
Increasing merchandise assortment
Maintaining store merchandise in-stock position
Enhancing in-store experience
Improved marketing execution
Improve Michaels stores' merchandise margins
Pricing and promotional strategy
Hybrid distribution network
Product sourcing
Increasing presence in the US
Evaluate Additional Growth Opportunities
Corporate Social Responsibility
Overview
Charity
Environment
SWOT Analysis
Overview
Strengths
Leading market position
Vertical integration
Wide product portfolio
High returns and margins
Weaknesses
Weaknesses
Weak cash flows
Class-action suits
Product recalls
Opportunities
New stores and new products
Demographic trends
Growth in online retail spending
Threats
Decline in consumer confidence
Intense competition
Increasing retail rentals
Value Chain Analysis
Manufacture
Wholesale
Sale of merchandise to intermeidaires
Procuremanet of stock
Operations and distirbution
Sales
Physcial store operations
Value-added Services
Key Employees
List of Key Employees
Key Employee Biographies
Brian C. Cornell
Gregory Sandfort
Jeff Boyer
Josh Bekenstein
Michael S. Chae
Todd Cook
Matthew Kabaker
Lewis Klessel
Matthew S. Levin
David McVeigh
James A. Quella
Harvey S. Kanter
David Abelman
appendix
Ask the analyst
Datamonitor consulting
Disclaimer
List of Tables
Table 1: Michaels - Key Facts
Table 2: Michaels - Other Locations and Subsidiaries
Table 3: Michaels - Revenue by Geography, 2006-2007 ($ Mn)
Table 4: Michaels - List of Products
Table 5: Michaels - List of Brands
Table 6: Michaels - Top Competitors
Table 7: Michaels - SWOT Analysis Summary
Table 8: Michaels - Value Chain Analysis
Table 9: Michaels - Key Employees
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