The Michaels Companies, Inc. owns and operates a chain of arts and crafts specialty retail stores in North America. The company's stores offer approximately 36,000 stock-keeping units in arts, crafts, scrapbooking, floral, framing, home dcor, seasonal offerings, and children's hobbies. As of August 2, 2014, it owned and operated 1,147 Michaels stores in 49 states and Canada; and 117 Aaron Brothers stores. In addition, the company, through its subsidiary, Artistree, manufactures precut mats and custom framing merchandise. The Michaels Companies, Inc. was founded in 2013 and is based in Irving, Texas.
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