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The Michaels Companies, Inc. is an American retail holding company, headquartered in Irving, Texas.It was formed as a parent company of Michaels in 2014. As of 2021, The Michaels Companies operates its flagship brand, Michaels (in the United States and Canada), and Artistree, a manufacturer of custom and specialty framing merchandise.
Michaels Stores, Inc., doing business as Michaels, is a privately held retail chain of American and Canadian arts and crafts store. It is North America's largest provider of arts, crafts, framing, floral and wall décor, and merchandise for makers and do-it-yourself home decorators . [ 2 ]
Leewards Creative Crafts, or Leewards, was an American crafts and fabrics retailer. It was founded in Elgin, Illinois, in 1947. The chain had approximately 87 stores at its peak. [2] In 1994, it was purchased by Michaels. [3] [4]
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In June 2013 arts and crafts retail chain Michaels test-marketed the product in 32 stores; by August the chain was carrying Rainbow Loom in its 1,100 U.S. locations. [7] Rainbow Loom is also sold at Mastermind Toys in Canada and specialty stores. [4] As of August 2013, 600 retailers were selling Rainbow Loom at a retail price of $15 to $17. [1]
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