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Michaels Companies Inc   (NASDAQ: MIK)
    Sector • Retail    Industry • Specialty Retail
   Industry • Specialty Retail
   Sector • Retail
 

Michaels Companies Inc's Suppliers Performance

MIK's Supply Chain



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MIK Costs vs Sales of Suppliers Growth Michaels Companies Inc recorded an increase in cost of sales by 2.81 % year on year, sequentially cost of sales grew by 34.24 % in Q4.

• More on MIK Suppliers



Michaels Companies Inc recorded increase in cost of sales by 2.81 % year on year, sequentially cost of sales grew by 34.24 % in Q4.

• More on MIK Suppliers




Michaels Companies Inc's Comment on Supply Chain


We purchase merchandise from approximately 650 vendors through our wholly-owned subsidiary, Michaels Stores Procurement Company. We believe our buying power and ability to make centralized purchases enable us to acquire products on favorable terms. Centralized merchandising management teams negotiate with vendors in an attempt to obtain the lowest net merchandise costs and to improve product mix and inventory levels.

Michaels Companies Inc's Comment on Supply Chain


We purchase merchandise from approximately 650 vendors through our wholly-owned subsidiary, Michaels Stores Procurement Company. We believe our buying power and ability to make centralized purchases enable us to acquire products on favorable terms. Centralized merchandising management teams negotiate with vendors in an attempt to obtain the lowest net merchandise costs and to improve product mix and inventory levels.







MIK's vs. Suppliers, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Michaels Companies Inc 3,263.23 5,271.11 294.94 50,000
SUBTOTAL 0.00 0.00 0.00 -


Sources: Michaels Companies Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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