MICHAELS CONTINUES DOUBLE DIGIT SALES INCREASE
MICHAELS CONTINUES DOUBLE DIGIT SALES INCREASE IRVING, Texas, June 2 /PRNewswire/ -- Michaels Stores, Inc.
(NASDAQ: MIKE) announced that its sales in May 1992 were $27.9 million, an increase of 18 percent over May 1991. Comparable store sales were up 12 percent. Year-to-date sales for the first four months of fiscal 1992 were $122.3 million, a 15 percent increase, and same-store sales rose 12 percent.
The nation's leading retailer of arts and crafts, Michaels Stores, Inc. offers a wide selection of picture framing materials, silk and dried flowers, hobby and art supplies, creative crafts, and party, seasonal and holiday merchandise. The company owns and operates 150 stores in 21 primarily Southern states, from California to the Carolinas. -0- 6/2/92 /CONTACT: R. Don Morris, executive vice president and chief financial officer of Michaels Stores, 214-714-7100/ (MIKE) CO: Michaels Stores Inc. ST: Texas IN: REA SU:
SM -- NY059 -- 6322 06/02/92 15:30 EDT
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|Date:||Jun 2, 1992|
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