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MICHAELS REPORTS RECORD SEPTEMBER SALES WITH A 32 PERCENT GAIN

 IRVING, Texas, Sept. 29 /PRNewswire/ -- Michaels Stores, Inc. (NASDAQ: MIKE) today reported sales for the month of September of $47,842,000, which represents a 32 percent increase over the prior year sales of $36,137,000. Same store sales for the month increased by 10 percent.
 Year to date in fiscal 1993 the company has generated sales of $313.7 million vs. $253.9 million in the prior year, or an increase of 24 percent. Same store sales have increased 4 percent year to date.
 Management stated that the September sales results reflect the contribution of an advertising circular that was added to the company's advertising program.
 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 202 stores in 30 states.
 -0- 9/29/93
 /CONTACT: R. Don Morris, executive vice president & chief financial officer of Michaels Stores, Inc., 214-714-7100/
 (MIKE)


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

MP -- NY009 -- 6676 09/29/93 09:05 EDT
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Publication:PR Newswire
Date:Sep 29, 1993
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