My husband read an article about companies that are in financial trouble...one of them listed was Michael's. Not sure if they will close all stores or just some.
But just wanted to let you all know so that you can start taking advantage of their coupons every week and stack up on things you usually buy from them.
Again, i hope is not true...but it was in an article along with some other companies.
I hope not either. I have a friend that works for them, so I just e-mailed her to see what she can find out at work. If I get any info, I'll post it.
I know several JoAnns around here have closed but the rest of them are doing just fine. My cake teacher worked at Michaels for years and she's been telling me this story for years now so I can't say I'm all that surprised to hear it. A big part of the problem is that corporate does their own thing (to the disadvantage of the average store) and around here they expanded like crazy right before the economy tanked so a lot of these new Michaels which didn't properly get off the ground are now floundering. Top that with these new stupid rules they have like you can use the coupons on everything but what you want (books for example) -- I just go right across the parking lot to JoAnns and use the Michaels coupon and buy all the books I want -- I told Michaels that too -- in this economy pissing off customers is not a good thing to do folks! 
Oh well. Maybe they'll learn. Hopefully... 
Ya know I wondered if something was going on with Michaels......lately I've noticed their inventory doesn't seem to change all that much, at least the stores I go to.
Not only has their inventory not changed (except for the yellow plastic stuff in the Wilton aisle), but there's hardly ever anyone in the local Michael's here. They cut back on their polymer clay section to an extreme, got rid of almost an entire section of rubber stamps, and brought in all this Martha scrapbooking crap - you know, the overpriced tools with the pretty green handles. But, like I said above, there's nobody there to buy them.
Theresa 
I just got a reply to a post I put on Michael's site from an "Administrator" saying "Check the date on the postings - that is an old rumor". So I hope he's right. The store by me has been stocking more not less, so they don't look like they are going anywhere soon (I hope).
My husband read the article about 30days ago on cnnfn is the financial news network. They had them listed as one of the retailers that might not make it past this year along with Barnes and Nobles,Claires,blockbuster and some other ones. Aparently they are on a death watch lost that's what they call it. Aparently Univision, rite aids too, you can go to market watch. Com and look it up
oh no, not michael's!
they're the only suppliers of cake stuff around my area! 
NO NO NO NO!!!!!!!!
I CAN NOT handle this news if it's true!!!!!!!!
NO NO NOT Michaels!!!!
Please Say it isn't SOOO!!!!!!!!!!!!
I work at Michael's as a WMI. Class signup has been low too, across the board. We are actually cutting our our day classes at our store due to low attendance.
I know our store manager said they are cutting down stock on items and will keep a more "basic" supply on things, rather than what you would have seen the store look like back in 2007 or so.
Probably more $1 items, less large items, more textiles and yarns (since people always knit in tight economies) and less of the expensive framing, and higher end-items..
Someone in corporate Michael's tends to think these over-priced Martha Stewart kits and scrapbooking items must have a good profit margin....*shrug*... either that or they are saying to themselves "well... if we need to fill up this expensive floor space in this expensive lease in this expensive strip mall... may as well fill it up with expensive items."
Either way, I think Wilton products will be downsized a bit as well as classes.
I work at Michael's as a WMI. Class signup has been low too, across the board. We are actually cutting our our day classes at our store due to low attendance.
I know our store manager said they are cutting down stock on items and will keep a more "basic" supply on things, rather than what you would have seen the store look like back in 2007 or so.
Probably more $1 items, less large items, more textiles and yarns (since people always knit in tight economies) and less of the expensive framing, and higher end-items..
Someone in corporate Michael's tends to think these over-priced Martha Stewart kits and scrapbooking items must have a good profit margin....*shrug*... either that or they are saying to themselves "well... if we need to fill up this expensive floor space in this expensive lease in this expensive strip mall... may as well fill it up with expensive items."
Either way, I think Wilton products will be downsized a bit as well as classes.
I work at Michael's as a WMI. Class signup has been low too, across the board. We are actually cutting our our day classes at our store due to low attendance.
I know our store manager said they are cutting down stock on items and will keep a more "basic" supply on things, rather than what you would have seen the store look like back in 2007 or so.
Probably more $1 items, less large items, more textiles and yarns (since people always knit in tight economies) and less of the expensive framing, and higher end-items..
Someone in corporate Michael's tends to think these over-priced Martha Stewart kits and scrapbooking items must have a good profit margin....*shrug*... either that or they are saying to themselves "well... if we need to fill up this expensive floor space in this expensive lease in this expensive strip mall... may as well fill it up with expensive items."
Either way, I think Wilton products will be downsized a bit as well as classes.
I work at Michael's as a WMI. Class signup has been low too, across the board. We are actually cutting our our day classes at our store due to low attendance.
I know our store manager said they are cutting down stock on items and will keep a more "basic" supply on things, rather than what you would have seen the store look like back in 2007 or so.
Probably more $1 items, less large items, more textiles and yarns (since people always knit in tight economies) and less of the expensive framing, and higher end-items..
Someone in corporate Michael's tends to think these over-priced Martha Stewart kits and scrapbooking items must have a good profit margin....*shrug*... either that or they are saying to themselves "well... if we need to fill up this expensive floor space in this expensive lease in this expensive strip mall... may as well fill it up with expensive items."
Either way, I think Wilton products will be downsized a bit as well as classes.
I work at Michael's as a WMI. Class signup has been low too, across the board. We are actually cutting our our day classes at our store due to low attendance.
I know our store manager said they are cutting down stock on items and will keep a more "basic" supply on things, rather than what you would have seen the store look like back in 2007 or so.
Probably more $1 items, less large items, more textiles and yarns (since people always knit in tight economies) and less of the expensive framing, and higher end-items..
Someone in corporate Michael's tends to think these over-priced Martha Stewart kits and scrapbooking items must have a good profit margin....*shrug*... either that or they are saying to themselves "well... if we need to fill up this expensive floor space in this expensive lease in this expensive strip mall... may as well fill it up with expensive items."
Either way, I think Wilton products will be downsized a bit as well as classes.
I work at Michael's as a WMI. Class signup has been low too, across the board. We are actually cutting our our day classes at our store due to low attendance.
I know our store manager said they are cutting down stock on items and will keep a more "basic" supply on things, rather than what you would have seen the store look like back in 2007 or so.
Probably more $1 items, less large items, more textiles and yarns (since people always knit in tight economies) and less of the expensive framing, and higher end-items..
Someone in corporate Michael's tends to think these over-priced Martha Stewart kits and scrapbooking items must have a good profit margin....*shrug*... either that or they are saying to themselves "well... if we need to fill up this expensive floor space in this expensive lease in this expensive strip mall... may as well fill it up with expensive items."
Either way, I think Wilton products will be downsized a bit as well as classes.
Great what next. They closed the Ben Franklin by me a few months ago so now Michael's is the only place to get any kind of craft supplies besides Wal-mart and they have NOTHING worth the trip.
The Michael's isn't even in the town I live in - it's a half an hour away but at least it's something. There is no fabric store in my town either it's in the same town as the Michael's and if they cut back on any more they can close the doors also(Hancock Fabrics). They used to have a great craft section - GONE - taken over by lamps and knick knacks and ugly stuff that no one wants that sits there for months.
Can't buy Hi Ratio shortening, Bettercreme, LorAnn flavorings, etc. Have to travel 2 or more hours if I want anything. No cake supply stores of any kind clsoe by. So if Michael's goes maybe my cake decorating will go also. I am not going to pay full price for Wilton cake boards and Wilton gum paste at Wal-Mart.
Great what next. They closed the Ben Franklin by me a few months ago so now Michael's is the only place to get any kind of craft supplies besides Wal-mart and they have NOTHING worth the trip.
The Michael's isn't even in the town I live in - it's a half an hour away but at least it's something. There is no fabric store in my town either it's in the same town as the Michael's and if they cut back on any more they can close the doors also(Hancock Fabrics). They used to have a great craft section - GONE - taken over by lamps and knick knacks and ugly stuff that no one wants that sits there for months.
Can't buy Hi Ratio shortening, Bettercreme, LorAnn flavorings, etc. Have to travel 2 or more hours if I want anything. No cake supply stores of any kind clsoe by. So if Michael's goes maybe my cake decorating will go also. I am not going to pay full price for Wilton cake boards and Wilton gum paste at Wal-Mart.
Great what next. They closed the Ben Franklin by me a few months ago so now Michael's is the only place to get any kind of craft supplies besides Wal-mart and they have NOTHING worth the trip.
The Michael's isn't even in the town I live in - it's a half an hour away but at least it's something. There is no fabric store in my town either it's in the same town as the Michael's and if they cut back on any more they can close the doors also(Hancock Fabrics). They used to have a great craft section - GONE - taken over by lamps and knick knacks and ugly stuff that no one wants that sits there for months.
Can't buy Hi Ratio shortening, Bettercreme, LorAnn flavorings, etc. Have to travel 2 or more hours if I want anything. No cake supply stores of any kind clsoe by. So if Michael's goes maybe my cake decorating will go also. I am not going to pay full price for Wilton cake boards and Wilton gum paste at Wal-Mart.
Great what next. They closed the Ben Franklin by me a few months ago so now Michael's is the only place to get any kind of craft supplies besides Wal-mart and they have NOTHING worth the trip.
The Michael's isn't even in the town I live in - it's a half an hour away but at least it's something. There is no fabric store in my town either it's in the same town as the Michael's and if they cut back on any more they can close the doors also(Hancock Fabrics). They used to have a great craft section - GONE - taken over by lamps and knick knacks and ugly stuff that no one wants that sits there for months.
Can't buy Hi Ratio shortening, Bettercreme, LorAnn flavorings, etc. Have to travel 2 or more hours if I want anything. No cake supply stores of any kind clsoe by. So if Michael's goes maybe my cake decorating will go also. I am not going to pay full price for Wilton cake boards and Wilton gum paste at Wal-Mart.
Great what next. They closed the Ben Franklin by me a few months ago so now Michael's is the only place to get any kind of craft supplies besides Wal-mart and they have NOTHING worth the trip.
The Michael's isn't even in the town I live in - it's a half an hour away but at least it's something. There is no fabric store in my town either it's in the same town as the Michael's and if they cut back on any more they can close the doors also(Hancock Fabrics). They used to have a great craft section - GONE - taken over by lamps and knick knacks and ugly stuff that no one wants that sits there for months.
Can't buy Hi Ratio shortening, Bettercreme, LorAnn flavorings, etc. Have to travel 2 or more hours if I want anything. No cake supply stores of any kind clsoe by. So if Michael's goes maybe my cake decorating will go also. I am not going to pay full price for Wilton cake boards and Wilton gum paste at Wal-Mart.
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