Michaels Arts & Crafts

Michaels Arts & Crafts is a leading specialty retailer focused on arts, crafts, framing, floral, and seasonal merchandise in North America. The company traces its roots to 1973, when Michael J. Dupey opened the first store in Dallas, Texas. From a single location, Michaels steadily grew through both organic expansion and acquisitions, establishing a strong presence among hobbyists, artists, and families seeking creative supplies and inspiration.

A significant milestone in Michaels’ history came in April 2021, when Apollo Global Management acquired the company, transitioning it from public to private ownership. This change has fueled a new phase of investment in store modernization, digital capabilities, and market expansion. Over the past five years, Michaels has focused on upgrading its store layouts and integrating omnichannel services, such as Buy Online Pick-Up In Store and curbside pickup, to meet evolving customer expectations.

As of November 2025, Michaels operates more than 1,300 stores across 49 states and Canada, with a workforce of approximately 45,000 employees. The company’s real estate strategy emphasizes growth in suburban and secondary metropolitan areas, with a particular focus on Texas, Florida, the Midwest, California, and the Southeast. Recent store openings highlight modernized layouts and enhanced customer service, as well as the adoption of self-checkout and expanded product assortments.

Michaels continues to pursue locations in high-traffic retail corridors and power centers, positioning itself as a consistent traffic driver and a reliable anchor for shopping centers. Its adaptability, scale, and commitment to innovation have helped the brand remain a prominent and credible tenant for landlords, brokers, and developers seeking a stable and evolving retail partner.