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Top 100: 93. Michaels Stores

December 27, 2010

Founded in 1984, Michaels Stores anticipated the modern arts and crafts boom by providing nascent painters, scrapbookers, knitters, florists and cake decorators with the preselected materials necessary to pursue their muses. In keeping with its do-it-yourself philosophy, the world’s largest arts and crafts retail chain reduced middleman expenses during the recession by purchasing product from  the companies it owns, such as ReCollections and Artist’s Loft.

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