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MICHAELS REPORTS RECORD FEBRUARY SALES

 IRVING, Texas, March 4 /PRNewswire/ -- Michaels Stores, Inc. (NASDAQ: MIKE) announced that its sales in February 1993 increased 16 percent to $35,082,000 from $30,348,000 in February 1992. Same store sales for the month remained even with the prior year.
 The company stated that February sales were affected by the unusually harsh weather conditions in many markets during key promotions in the latter part of the month.
 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 170 stores in 24 states, from California to the Carolinas.
 -0- 3/4/93
 /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:

PS -- NY021 -- 2836 03/04/93 09:20 EST
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Publication:PR Newswire
Date:Mar 4, 1993
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