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MICHAELS STORES REPORTS RECORD JUNE SALES WITH A 31 PERCENT INCREASE

 IRVING, Texas, June 30 /PRNewswire/ -- Michaels Stores, Inc. (NASDAQ: MIKE) today reported sales for the month of June of $34,840,000, which represents a 31 percent increase over the prior year sales of $26,610,000. Same store sales for the month increased by 12 percent.
 Year-to-date in fiscal 1993 the company has generated sales of $181.1 million versus $148.9 million in the prior year, or an increase of 22 percent. Same store sales have increased 3 percent year to date.
 Management stated that the June sales results reflect the contribution of an advertising circular that was added this year to the company's advertising program in selected 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 186 stores in 27 states.
 -0- 6/30/93
 /CONTACT: R. Don Morris, executive vice president and CFO of Michaels Stores, Inc., 214-714-7100/
 (MIKE)


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

MP -- NY075 -- 7325 06/30/93 16:25 EDT
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Publication:PR Newswire
Date:Jun 30, 1993
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