NEW YORK, June 27, 2014 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced that trading of The Michaels Companies, Inc. (Nasdaq:MIK), the largest arts and crafts specialty retailer in North America, commenced on The NASDAQ Stock Market on June 27, 2014.
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Irving, Texas-based Michaels is North America's largest specialty retailer of arts, crafts, framing, floral, wall decor and seasonal merchandise for the hobbyist and do-it-yourself home decorator. The company currently owns and operates 1,146 Michaels stores in 49 states and Canada and 118 Aaron Brothers stores, and produces 11 exclusive private brands including Recollections®, Studio Decor®, Bead Landing®, Creatology®, Ashland®, Celebrate It®, Art Minds®, Artist's Loft®, Craft Smart®, Loops & Threads® and Imagin8®.
"Michaels supports its customer's creativity by offering a large variety of arts and crafts merchandise along with compelling in-store and online events," said Bob Greifeld, CEO of NASDAQ OMX. "We are pleased to welcome Michaels to The NASDAQ Stock Market and we look forward to a successful partnership in the years to come."
By listing with NASDAQ, Michaels joins many of the world's largest and most revolutionary companies.
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Source:The NASDAQ OMX Group, Inc.