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MIK - Michaels Could Boom Post-Coronavirus But Long-Term Challenges Remain
The Michaels Companies Inc.
The Michaels Companies, Inc. (MIK) operate Michaels Arts and Crafts stores in the United States and Canada.
I have two perspectives about the company and a positive post-Coronavirus prediction. First, reviewing financial information the company reminded me of Macy’s (M): a well-known retail brand that has long been struggling, has declining revenue, and relies heavily on discounts. Macy’s is probably not a company one wants to be compared with.
Second, this is a store me, my family and friends have heavily shopped at for years. Having been in the store on