Share Name | Share Symbol | Market | Type |
---|---|---|---|
Michaels Companies Inc | NASDAQ:MIK | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 21.97 | 21.90 | 20.88 | 0 | 00:00:00 |
The marketplace is the latest in Michaels’ ongoing digital transformation, increasing the online assortment of its U.S. site from 250,000 to more than 1M SKUs from sellers eager to reach Michaels’ highly diverse and engaged customer base while helping those customers find even more of what they need to bring their creative dreams to life.
Michaels has designed its marketplace to help high quality sellers of arts & crafts componentry succeed in the increasingly crowded eCommerce space by focusing on curation and forgoing subscription or listing fees in favor of a standard commission rate. Michaels is accepting applications from sellers in categories including arts and crafts supplies, candle and soap making, leather and wood work, baking, tools and tech, yarn, stitchery, kids, toys, education, journaling, seasonal products and more.
"The launch of Michaels’ curated marketplace for arts, crafts, and décor is the next phase of our ongoing digital transformation to be the destination for all creatives to get inspired, learn, shop and create,” said Heather Bennett, Executive Vice President of Marketing and Ecommerce at Michaels. “By more than quadrupling our online assortment across categories including candle and soap making, leather work and more, Michaels will ensure every customer can find what they need to bring their creative dreams to life no matter their craft."
Michaels has made it incredibly easy for accepted sellers to join the marketplace by offering multiple integration options at launch. Specifically, Michaels has built a full-service portal for sellers to manage every aspect of their business on Michaels.com and enable direct integration, including a suite of Seller-APIs and connections with several top multi-channel integration partners like ChannelAdvisor (a CommerceHub company) and ShipStation.
“As one of America's leading Ecommerce purveyors of craft and hobby products, partnering with Michaels in their new marketplace initiative is an exceptional opportunity,” said Natalie Baiden, CEO of Stuff4Crafts. “Their Business Development and Account Management teams were a pleasure to work with and the technical integration went smoothly. Michaels is an iconic and trusted brand and the entire Stuff4 team is excited to add our high-quality assortment to their already impressive offering.”
For more information, or to apply as a seller, please visit www.michaels.com/marketplace.
About MichaelsThe Michaels Companies, Inc. is the destination where all Makers get inspired, shop, learn, and create. As the largest specialty arts and crafts retailer in North America, we operate 1,275 stores in 49 states and Canada and online at Michaels.com and Michaels.ca. The Michaels Companies, Inc. also owns Artistree, a manufacturer of custom and specialty framing merchandise. Founded in 1973 and headquartered in Irving, Texas, our mission is to empower every Maker to bring their creative dreams to life. For store locations or to shop online, please visit www.michaels.com.
Media ContactRachel Petersen, MichaelsRachel.Petersen@michaels.com
A graphic accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a129827d-e8c7-46e3-b7a6-ad33caaa9545
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