April 23, 2015

The Michaels Companies, Inc. Announces Date for 2015 Annual Meeting of Stockholders

IRVING, Texas, April 23, 2015 (GLOBE NEWSWIRE) -- The Michaels Companies, Inc. (Nasdaq:MIK) today announced that the 2015 annual meeting of stockholders will be held at the Company's Support Center, 8000 Bent Branch Drive, Irving, Texas 75063 on Wednesday, June 3, 2015 at 9:30 am Central Time.

In addition, the Company announced that April 17, 2015, has been fixed as the record date for determination of the stockholders of the Company entitled to notice of and to vote at the annual meeting of stockholders.

About The Michaels Companies, Inc.

The Michaels Companies, Inc. is North America's largest specialty retailer of arts and crafts. As of January 31, 2015, the Company owns and operates 1,168 Michaels stores in 49 U.S. states and Canada and 120 Aaron Brothers stores, and produces 12 exclusive private brands including Recollections®, Studio Decor®, Bead Landing®, Creatology®, Ashland®, Celebrate It®, ArtMinds®, Artist's Loft®, Craft Smart®, Loops & Threads®, Imagin8® and Make MarketTM. Visit www.michaels.com for additional information.

Investor:
ICR, Inc.
Farah Soi/Anne Rakunas
203.682.8200
Farah.Soi@icrinc.com / Anne.Rakunas@icrinc.com

or

Media:
ICR, Inc.
Michael Fox/Jessica Liddell
203.682.8200
Jessica.Liddell@icrinc.com

Source: The Michaels Companies, Inc.