Michaels is a crafts and arts retail outlet and has been established in 1976 by Michael J. Dupey (Dallas based businessperson). It is one of the biggest retail sectors that has its corporate headquarter in Irving, Texas. Presently it operates over 1040 Michaels Arts and Crafts Stores and has been located in 49 states in Canada and U.S. Even this retail outlet owns as well as operates Aaron Brothers (retail sector) and it has over 140 stores. It produces 10 unique private brands and overall contains 40,000 varied items. This retail outlet has nearly 43,700 employees. As per 2011 report, revenue generated was $4.2 billion.