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MICHAELS REPORTS RECORD MARCH SALES WITH A 22 PERCENT INCREASE

 IRVING, Texas, March 31 /PRNewswire/ -- Michaels Stores, Inc. (NASDAQ: MIKE) today reported sales for the month of March of $35,487,000, which represents a 22 percent increase over the prior year sales of $29,062,000. Same store sales for the month increased by 4 percent.
 Year-to-date in fiscal 1993 the company has generated sales of $70.6 million vs. $59.4 million in the prior year, or an increase of 19 percent.
 Management stated that the March sales results reflect the addition of an advertising circular, the benefit of which was partially offset by the continued adverse weather conditions experienced in many of its markets.
 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 173 stores in 24 states, from California to the Carolinas.
 -0- 3/31/93
 /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 -- NY010 -- 1355 03/31/93 08:54 EST
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Publication:PR Newswire
Date:Mar 31, 1993
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