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MICHAELS REPORTS RECORD MAY SALES WITH A 19 PERCENT INCREASE

 IRVING, Texas, June 2 /PRNewswire/ -- Michaels Stores, Inc. (NASDAQ: MIKE) today reported sales for the month of May of $33,346,000, which represents a 19 percent increase over the prior year sales of $27,949,000. Same store sales for the month increased by one percent.
 Year-to-date in fiscal 1993 the company has generated sales of $146.3 million vs. $122.3 million in the prior year, or an increase of 20 percent.
 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 182 stores in 26 states.
 -0- 6/2/92
 /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 -- NY021 -- 4355 06/02/93 09:52 EDT
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Publication:PR Newswire
Date:Jun 2, 1993
Words:160
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