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MICHAELS REPORTS RECORD APRIL SALES WITH 21 PERCENT INCREASE

 IRVING, Texas, May 5 /PRNewswire/ -- Michaels Stores, Inc. (NASDAQ: MIKE) today reported April sales were $42,391,000, which represents a 21 percent increase over the prior year's sales of $34,940,000. Same store sales for the month increased by 2 percent.
 Sales for the first quarter of 1993, which ended May 2, 1993, rose to $113.0 million, an increase of 20 percent over the $94.4 million reported last year. Same store sales for the quarter increased 2 percent.
 The company also reported that it increased its store count by 13 to 180 as of the end of the first quarter. This growth is in keeping with Michaels' plans for the addition of 45 to 50 stores in the United States and three in Canada during fiscal 1993.
 The nation's leading retailer of arts and crafts, Michaels Stores, Inc. (NASDAQ Symbol: MIKE) 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 180 stores in 26 states, from California to the Carolinas.
 -0- 5/5/93
 /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 :

SH -- NY025 -- 4747 05/05/93 09:26 EDT
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Publication:PR Newswire
Date:May 5, 1993
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