Printer Friendly

MICHAELS REPORTS RECORD DECEMBER SALES WITH A 29 PERCENT GAIN

 IRVING, Texas, Dec. 29 /PRNewswire/ -- Michaels Stores, Inc. (NASDAQ: MIKE) announced that its sales in December 1993 increased 29 percent to $98,706,000 from $76,636,000 in the prior year. Same store sales for the month increased 3 percent.
 Year to date in fiscal 1993 the company has generated sales of $562.3 million vs. $449.6 million in the prior year, an increase of 25 percent. Same store sales have increased 3 percent year to date.
 The nation's leading retailer of arts and crafts, Michaels Stores, Inc. offers a wide selection of picture framing materials and services, silk and dried flowers, hobby and art supplies, creative crafts, and party, seasonal and holiday merchandise. The company owns and operates 220 stores in 31 states and Canada.
 -0- 12/29/93
 /CONTACT: R. Don Morris, executive vice president and chief financial officer of Michaels Stores, Inc., 214-714-7100/
 (MIKE)


CO: Michaels Stores, Inc. ST: Texas IN: REA SU: SLS

JG -- NY006 -- 7726 12/29/93 08:57 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 29, 1993
Words:168
Previous Article:MGI PHARMA'S SALAGEN(R) TABLETS "APPROVABLE" BY FDA; PRODUCT TREATS RADIATION-INDUCED DRY MOUTH IN HEAD AND NECK CANCER PATIENTS
Next Article:FLORIDA DBPR RENEWS LEASE WITH MARK CENTERS TRUST
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters