Report: Michaels Gains Customers After Rival Retailers’ Store Closures

pymnts.com/news/retail/2025/report-michaels-gains-customers-after-rival-retailers-store-closures

Crafts retailer Michaels reportedly saw a 2.3% increase in same-store sales in the quarter ended May 1.

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In a private report to its debtholders, the company attributed the increase in part to the business it gained from customers who had previously gone to stores…

This story appeared on pymnts.com, 2025-06-27 01:34:45.
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