| Business Summary | | Michaels
Stores,
Inc.
is
a
national
specialty
retailer
providing
materials,
ideas
and
education
for
creative
activities
in
home
decor,
art
and
craft
projects.
The
Company
operates
629
Michaels
stores
in
48
states,
as
well
as
Canada
and
Puerto
Rico
featuring
arts,
crafts,
framing,
floral,
decorative
wall
decor
and
seasonal
merchandise
for
the
hobbyist
and
do-it-yourself
home
decorator.
A
Michaels
store
typically
carries
over
40,000
items.
The
Company's
wholly
owned
subsidiary,
Aaron
Brothers,
Inc.,
operates
a
chain
of
117
framing
and
art
supply
stores.
Aaron
Brothers
stores
are
located
primarily
on
the
West
Coast. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MIKE
owns
and
operates
629
Michaels
stores
and
117
Aaron
stores,
which
feature
creative
art
products
and
home
decor
items.
MIKE
stores
are
located
in
47
states,
Puerto
Rico,
and
Canada.
For
the
26
weeks
ended
8/4/01,
revenues
increased
11%
to
$1.01
billion.
Net
income
before
accounting
change
fell
18%
to
$12
million.
Revenues
reflect
new
stores
opened
and
increased
comparable
store
sales.
Earnings
were
offset
by
$3.2
million
in
litigation
settlement
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2001
Compensation | | Pay | Exer | |
| Charles Wyly, Jr., 67 Chairman | $225K | $11.8M | R. Michael Rouleau, 62 Pres,
CEO, Chief Operating Officer | 1.0M | 7.6M | Sam Wyly, 66 Vice
Chairman | 450K | 25.3M | Bryan DeCordova, 44 CFO,
Exec. VP | -- | -- | James Tucker, 56 Exec.
VP and CIO | -- | -- | Dollar
amounts are as of 3-Feb-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|