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Tag Archives | Michaels Stores

Michaels Stores CEO John Menzer on Medical Leave After Stroke

Michaels Stores announced today that they are forming an interim Office of the Chief Executive to manage the company in the ongoing absence of CEO John Menzer.

The company had previously announced on April 20th that the 60 year old Menzer was hospitalized in stable condition, but they declined at that time to indicate the cause of his illness. Today’s announcement, the first update on his health situation from the company since that day, indicates that Menzer suffered a stroke last month and is in stable condition but is expected to be absent from the company for an extended period of time. The announcement says that the Board of Directors will reevaluate Menzer’s status periodically. Menzer has been CEO of Michaels Stores, Inc. since 2009.

Menzer has been in the news recently for the role he held previous to his tenure at Michaels, as Vice-Chairman of Wal-Mart. That company is under investigation by the U.S. Department of Justice for the alleged payment of bribes by its Mexican subsidiary during a period of rapid growth in that country. The New York Times named Menzer as one of the key players in the U.S. company’s cover-up of those alleged actions.

The new Office of the CEO at Michaels Stores, Inc. will consist of Lew Klessel, who is Managing Director with Bain Capital Partners, LLC, and Charles “Chuck” Sonsteby, who is Michaels Stores’ Chief Administrative Officer and Chief Financial Officer. Mr. Klessel has also been appointed to the newly-created position of Interim Chief Operating Officer at Michaels. Klessel and Sonsteby, as the Office of the CEO, will temporarily assume Menzer’s responsibilities as CEO, and will report directly to the Board of Directors. Continue Reading →

9

Could Wal-Mart Bribery Scandal Derail Michaels’ IPO?

One of the year’s most hotly anticipated IPO offerings, Michaels Stores, could possibly be derailed because of a scandal involving its CEO’s previous tenure as a Wal-Mart executive.

On March 30th, Michaels Stores filed a widely anticipated notice with the SEC that it intends to become a publicly-held company again through an IPO that could raise as much as a half-billion dollars according to the SEC filing. Its private equity ownership Blackstone Group and Bain Capital have hired JP Morgan Chase and Goldman Sachs to manage the IPO. Michaels was purchased by Blackstone and Bain in 2006 for $6 billion, and has been burdened ever since with a heavy debt load (currently $3.49 billion) that was used to finance the purchase. The company says it plans to use the IPO in part to pay off some of that debt. Continue Reading →

17

Noteworthy | 9.02.2011

As we enter September the announcements and excitement is at fever pitch. Here at Scrapbook Update, Editor Nancy Nally has been busily restoring the site after a catastrophic server failure. While this week has been noteworthy around here for reasons we wish it wasn’t, the scrapbook industry is booming with wonderful things this week! Blogs are bursting with new inspiration as CHA released products hit shelves fast and furiously, new design teams are being formed, and so much more. Here are some of the most noteworthy items of the week:

Rhonna Farrer has been designing beautiful scrapbooking products for many years, and after House of 3 closed, I had hoped to see her branch out on her own. Over the summer she has offered some beautiful digital designs on her blog, and recently put out a call for design team members.

This week she announced her new creative team, and now her website has been re-designed and is open for business with digital designs perfect for digital or hybrid crafting. She announced the details of the new shop on her blog, and stressed that her goal is to uplift & inspire through digital designs and project inspiration.

Speaking of project inspiration, Hambly Studios posted a simple tutorial of how to use washi tapes to create custom banners. Finding a way to use multiple bits of the tape in such a different way is refreshing and I can’t believe I never thought of it! Expanding on their idea, I’m now inspired to punch or die cut shapes from paper that has been covered with tape. A second project using the technique was posted this week on Hambly’s blog on as well. I predict we’ll be seeing a lot of washi tape banners all around the internet!

This week Becky Higgins shared news and images of the new 2012 Project Life designs, Cobalt and Clementine. She shares many photos of the new product designs and promises that there is still a lot more to come. Last Friday she revealed the images of the new binders, and also announced that from now on the albums will be made by We R Memory Keepers.

They are absolutely a leader in binders and albums. And because they’re making our albums, this means you can expect nothing less than … the very best. I’ve been personally using We R binders for all of our family scrapbooks for nearly 10 years.

Higgins answers a lot about the new binders in her post, including the target date for availability late this year.

A new on-line event is coming the weekend of October 20-22. “Spawn of True Scrap” is now open for registration. The event features 17 instructors who each are bringing a new class (presented in video format), make ‘n takes, and more. The instructors include Jennifer McGuire, Nic Howard, Shimelle Laine, and many more – myself included. For more information or to register visit the Spawn of True Scrap site.

Die Cuts with a View announced that they are releasing a number of new paper pads through Michael’s. Don’t look for their name on the product though – it’s being released under Michael’s in-house brand name, Recollections. In the blog post, the company explained:

Basically, these stacks are designed & produced by us at DCWV and sold under Michael’s own private brand, Recollections. We were honored to be chosen to represent them in this way! To us, it means they love working with us as a company and they LOVE our designs :) What could be more flattering??

The first of the new paper designs are available now, with more designs coming in the next few weeks.

Finally this week, I will share some noteworthy new releases. Pink Paislee’s Nantucket and Phantom collections have been spotted on store shelves. Also in stores some of the new Doodlebug bakers twines and the bakers twine inspired “doodle twine” alphabet stickers that have been anxiously awaited by the Scrapbook Update staff and many others.

“Noteworthy” is a new regular weekly column at Scrapbook Update. Have something new & noteworthy to share? Feel free to leave a comment, or if you have something you would like considered for next week’s column, email may@scrapbookupdate.com with a link or press release.

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5

Michaels Releases iPhone App

I was quite excited several months ago when arts and crafts retailer Michaels began accepting coupons via smartphone at their checkout. I was even more excited to find that they’ve recently released an app for the iPhone that combines their electronic coupon functionality with some exciting new features.

The app is well laid-out, easy to use, and filled with pleasing visuals such as the screen that greets users on opening.

Once loaded, the app gives customers access to a number of features, most notably the ability to browse sales flyers and search for products.

The “Deals” section of the app provides access to the Michaels weekly ad in a mobile-friendly format. Customers can navigate by category and then drill down to see more details about sale items.

The “Coupons” section will probably be the most-used in the app as it gives customers a way to carry coupons without the hassle of printing them and then remembering to bring them along to the store. Coupons are automatically loaded into the app when available and removed after they have expired. Each coupon can be used multiple times (subject to the current “one per customer per day” wording) and contains a barcode that is scanned at the checkout.

I found the “Projects” section to be surprisingly well-rounded, containing in-depth instructions for craft projects in a number of categories. The images, shown as a thumbnail on the instructions screen, will display a larger version when tapped.

The “Lists” feature provides a place for customers to compile one or more shopping lists to use in the store. It’s tied closely with the “Products” section that allows customers to browse available items (the products listed are not tied to a particular store’s inventory and may not reflect current stock) and add them to a shopping list. Users can also add items manually by typing in text.

The “Products” section, which I’ve already mentioned, allows users to browse available items by navigating through categories to find products. Customers can drill down to a specific product to read details, and there is also a space for reviews  (though none of the items I browsed had reviews yet). No pricing information is provided for items.

Customers can also view upcoming classes and events at their local store under the “Events” button. The app also has functionality to locate stores nearest to you, just in case you catch the crafty bug while traveling.

The app also provides the ability to read QR (Quick Response) codes to allow customers quick access to information on the web. These codes are “scanned” by holding the iPhone’s camera over the code until it is registered by the app, which will then redirect the user to the appropriate web page.

Droid users, don’t despair!! Michaels corporate office has assured Scrapbook Update that an Android version of the app is planned, although there is no release date available yet. Scrapbook Update will keep you informed of this and any other developments as the areas of tech, crafting, and retail continue their exciting convergence.

Pre CHA Product Sale at Two Peas in a Bucket. Get 15%-75% off Select Products. Sale runs July 14-22, 2011

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12

[Update] Michaels Provides Details About Debit Card Data Theft

Michaels Stores, Inc. has made public more details about the theft of customer bank account data from some of their stores via compromised debit card PIN pads.

The company has identified what it describes as “less than 90″ PIN pads from its U.S. stores (less than 1% of the total in use) that appear to have been tampered with. The tampered pads were found spread through stores in 20 different states around the country. Visit the Michaels website for a full list of affected stores.

The company has also removed approximately 7,200 PIN pads from its stores that are similar to the tampered ones. Until these pads are replaced, customer credit and debit transactions will be processed directly on the register at the affected stores. Michaels Stores are also conducting security examinations of all Canadian store PIN pads as a precaution.

The latest from the investigation indicates that compromised PIN pad transactions occurred between February 8th and May 6th. Fewer than 100 Michaels customers have reported fraudulent transactions on their debit cards from the data theft, the company says.

Michaels said in a statement Thursday that the Secret Service has commended their response to the data theft. The company is still recommending that customers take precautions such as watching their bank statements for fraudulent transactions. Any unauthorized transactions should be reported to the card issuer.

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8

Michaels Customers Victims of Debit Card Fraud

The U.S. Secret Service is investigating a rash of debit card fraud cases that appear to be linked to Chicago-area Michaels store transactions.

Chicago media are reporting that Bloomingdale (IL) police have received 16 reports of fraudulent ATM withdrawals made from consumers’ debit card accounts, and scores of other fraud reports have been made to authorities across the Chicago area by shoppers at the company’s 35 area stores. All of the fraudulent transactions apparently involve $500 withdrawals made at out-of-state ATM’s. All of the victims had previously made transactions at one of Michaels Chicago-area stores.

Compromised PIN pads, a common way of stealing debit card identities, in Michaels stores are speculated to be to blame for the string of frauds, but the investigation is still ongoing. Customers who have made purchases at Michaels stores should monitor their card statements for fraudulent activity and report any unauthorized activity to the card issuer. Consumers may also want to consider changing PIN numbers and other security settings on cards used in Michaels stores.

Michaels says it was contacted about the fraud this week by banking and law enforcement officials, and is working to assist authorities in the investigation.


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11

2010 Black Friday Scrapbook Sales

Black Friday means some great deals on scrapbook supplies, and the sneak peeks of this year’s sales are starting to leak out!

Update: Jo-Ann Stores has posted a great FAQ on their blog about how their holiday weekend sale rules and procedures work – what will be available when (online vs. in-store timing, for instance).

Disclaimer: Scrapbook Update cannot be responsible for incorrect information, regional variances or typographical errors in the listings. Remember to check the local ads in your area to verify these listings.

These listings will be checked, expanded & updated from now until Thanksgiving Day from leaked ads and the actual print ads received in my local papers and sale announcements of online stores, so keep checking back!

How to use these listings: These tables may be sorted by clicking on the arrow at the top of each column. Sort by the store column to see all each store’s sales listed together, or sort by product name to compare sales on similar products. Many of the store names and item names are clickable to take you to the item online for easy shopping. (Some of these links are affiliate links, so when you use them you support Scrapbook Update – Thank you.)

Find thousands of craft supplies online!

Item
Price
Store
Terms
Coupon - 20% off entire purchase including sale itemsMichaelsSaturday 8am-Noon
Coupon - 30% off entire purchase including sale itemsMichaelsFriday 5am - Noon
Coupon - 30% off entire purchase including sale itemsMichaelsThursday 5pm-9pm
Coupon - 50% off one regular priced itemMichaelsFriday Noon-10pm
Coupon - 50% off one regular priced itemMichaelsSaturday Noon-10pm
Coupon - Get $5 reward card with every $25 purchasedMichaelsSaturday Only. Rewards good 11/28 to 12/4.
Baskets - Entire Stock40% offMichaels
Cricut Cartridges$27.99MichaelsReg. $69.99 While supplies last. Excludes Cricut Imagine cartridges. No coupons.
Cricut Cartridges$35.99MichaelsReg. $89.99 While supplies last. Excludes Cricut Imagine cartridges. No coupons.
Cricut Cartridges (Disney)$24.99MichaelsReg. $89.99 Saturday Only. No coupons. While supplies last. Excludes Cricut Imagine cartridges.
Cricut Personal Electronic Cutter$69.99MichaelsFriday Only. No coupons.
Cricut Gypsy$99.99MichaelsNo coupons. No rainchecks. While supplies last.
DCWV Scrapbook Album Kits$14.99Michaelsreg. $29.99
Fiskars 12" Portable Paper Trimmer$6.99Michaelsreg. $12.99
Iris 12x12 Scrapbook Case$4.49Michaelsreg. $8.99
Iris 12x12 Scrapbook Case 3 pack$5.79MichaelsFriday Only. While supplies last. No coupons. (reg. $12.79)
Photo Boxes3 for $5 ($1.66)Michaelsreg. $4.49
Recollections Scrapbook & Photo Albums50% offMichaels
Recollections Scrapbooks$3.33MichaelsFriday only. No coupons.(reg. $9.99)
Recollections Stickers & Embellishments50% offMichaels
Scrap Paper 5lb Box$9.99MichaelsSaturday only. No coupons.
Scrapbook Paper Pads$9.99MichaelsExcludes Martha Stewart, American Girl & Fine Art. (reg. $19.99)
Scrapbook Storage40% offMichaelsFriday & Saturday only. Excludes Martha Stewart.
Scrapbook Storage55% offMichaelsThursday only. Excludes Martha Stewart. No coupons.
Scrapbook Rolling Tote$19.99MichaelsFriday only. No coupons. While supplies last. (reg. $49.99)
Shadowbox 4 piece set$14.99Michaels
Ranger Stickles Limited Edition 1oz bottle 3 pack$6.99MichaelsWhile supplies last. (reg. $11.99)
Yudu Personal Screen Printing Machine$169.99Michaels
Cricut Expression Electronic Cutter in Aqua, Plum, Green or Canary w/Bonus "Playtime" Cartridge$185.00Walmart
Cricut Cartridges - Lite Limited Edition$20Walmart
Cricut Cartridges$20Big Lotsreg. $39.99
Organizing Essentials Baskets50% off
Joann.com
Cricut Personal Electronic Cutter$59.99
Joann.com
Unadvertised Doorbuster - Friday & Saturday!!!
Die Cutting Machines & Accessories40% off
Joann.com
Cropper Hopper 10 Drawer Scrapbooking Cart$34.99
Joann.com
Friday Doorbuster, while supplies last. reg. $89.99
20% off entire purchase
Joann.com
7am-Noon, Saturday only
DCWV 12x12 Stack Value Packs$9.99
Joann.com
reg. $19.99
DCWV Stack Value Packs (all other)40% off
Joann.com
Everyday Plastic Storage50% off
Joann.com
Slice Cordless Design Cutter$49.99
Joann.com
Saturday Doorbuster, reg. $149.99
Organizing Essentials Ribbon Ladder$7.99
Joann.com
Saturday Doorbuster. reg. $24.99
50% off any one regular priced item
Joann.com
All day Saturday.
Cricut Expression$148Menard'sEarly bird.
Cricut Cartridges$19.99Menard's Early bird. Quantity limit.
Cricut Cake Mini Machine$99.99
Joann.com
Friday Doorbuster. Limited Quantity.
Cricut Expression$199.99
Joann.com
Friday Doorbuster
OttLite Slimline Task Lamp$19.99
Joann.com
Friday Doorbuster
Organdy Ribbon SpoolsBuy One Get One Free
Joann.com
Cricut Cake Machine$249.99
Joann.com
Cricut Imagine$449.99
Joann.com
Cricut Cartridges - Seasonal$19.99
Joann.com
Sizzix Holiday Themed Dies75% off
Joann.com
DCWV Ultimate Stack or K & Co. Super Paper PadBuy One Get One Free
Joann.com
reg. $29.99
Lighting, Entire Stock50% off
Joann.com
Papercrafting Embellishments & Stickers40% off
Joann.com
Scrapbooking Albums40% off
Joann.com
Stamps, Stamp Pads & Stamp Sets40% off
Joann.com
Papercrafting Punches & Cutting Supplies40% off
Joann.com
Celebrate It! Holiday Ribbon Bow-Tique (over 600 styles) 70% offMichaels Friday doorbuster. No coupons
Cricut V1 Personal Electronic Cutting Machine$104.99Available now. Free shipping.
Cricut Create Machine$149.24Available now. Free shipping.
Cricut Expression$245.99Available now. Free shipping.
Cricut Cake, Kitchen Red$269.83Available now. Free shipping.
Cricut Imagine Machine$485.00Available now. Free shipping.
Becky Higgins Project Life$29.99reg. $49.99. Friday special. Free shipping.
Cricut Create Machine$149.99WalmartOnline only special. Free site to store shipping. Already available, while supplies last.
Cricut Cartridges2 for $60WalmartOnline only special. Free site to store shipping. Select your own two cartridges to make your bundle. Available starting Weds.
We R Memory Keepers, entire stock20% offWednesday (11/24) only.
Sizzix, entire stock20% offThursday (11/25)only.
American Crafts, entire stock20% offFriday (11/26) only.
Bazzill, entire stock20% offSaturday (11/27) only.
Fiskars, entire stock20% offSunday (11/28) only.
BasicGrey, entire stock20% offMonday (11/29) only.
Paper, Open Stock30% offMichaelsManager's Special. Thurs - Sat.
Scrapbook Tool Kit$9.99Michaelsreg. $29.99 Manager's Special. Thurs - Sat.
OttLite Bella Floor Lamp$49.99
Joann.com
reg. $139.99 Thursday - Online only.
OttLite High Definition Task Lamp$29.99
Joann.com
reg. $89.99 Thursday - Online only.
Cricut Cartridges - Seasonal$18.99
Joann.com
reg. $24.99-$29.99 Thursday - Online only.
DCWV Winter Box of Cards$5
Joann.com
reg. $19.99 Thursday - Online only.
Album Kit - Westrim 8.5x11$6
Joann.com
reg. $14.99 Thursday - Online only.
Sizzix Machines & Accessories50% off
Joann.com
Thursday - Online only.
Elle's StudioFree gift with $45 purchase, All limited quantity items 60-70% offElle's StudioFriday through Monday.
Free Gift with OrderReceive a free gift with every order while supplies last.Starting Wednesday night at Midnight CST.
Free ShippingFree Shipping on purchases of $25 and over on physical product.Domestic orders only. Starting Wednesday night at Midnight CST, through Tuesday night at 11:59pm CST.
7 Day Sale Wednesday through Tuesday.
Stamps, stamp blocks, ink pads, technique tiles & project kits25% offTechnique TuesdayThrough Sunday. Use coupon code BlackFriday2010.
Apparel & stationery. 20% offLife Is ScrapFriday and Saturday.
Free shippingFree shipping over $65Embellish It! OnlineThrough Tuesday, 11/30.
Storewide SaleTurkey Hunt sale, Dollar Store restocked. Everything on sale up to 80% off.Addicted to ScrapbookingEnds Monday 11/29.
American Crafts20% offAddicted to ScrapbookingEnds Monday 11/29.
Fiskars20% offAddicted to ScrapbookingEnds Monday 11/29.
Ranger20% offAddicted to ScrapbookingEnds Monday 11/29.
Sizzix15% offAddicted to ScrapbookingEnds Monday 11/29.
Bazzill Basics15% offAddicted to ScrapbookingEnds Monday 11/29
Ella Publishing Design Bundle: Double Page Design, Stretch Your Sketches & & Design Workshop$13reg. $17.97. Weds thru Sat. Put ebooks in cart. Use coupon code SaveOnDesign. One coupon code per transaction.
Ella Publishing Photo Bundle: 40 Tips For Better Photos, Picture Perfect, & Special Effects for Digital Photos$12reg. $17.97. Weds thru Sat. Put ebooks in cart. Use coupon code SaveOnPhotos. One coupon code per transaction.
Ella Publishing Word Bundle: Journaling That Matters, Quick & Creative Quizzes, & Text Tips for Scrapbookers$11reg. $17.97. Weds thru Sat. Put ebooks in cart. Use coupon code SaveOnWords. One coupon code per transaction.
Ella Publishing Vintage Hip Christmas Crafts ebook$3 with any single ebook purchasereg. $5.99. Weds thru Sat. Put ebooks in cart. Use coupon code HolidayBonus. One coupon code per transaction.
Cricut Cake Machine by Martha Stewart Crafts
$229.99Available now. Free shipping.
DCWV Christmas Stacks$9.99
Joann.com
Sunday only. Online only.
Cricut Cake Machine$199.99
Joann.com
Sunday only. Online only.
Stamps, stamp sets, & stamp pads50% off
Joann.com
Sunday only. Online only.
Albums50% off
Joann.com
Sunday only. Online only.
Coupon - 30% off total purchase, including sale itemsAC MooreFriday only, 5am-Noon
Coupon - 50% off any one regular priced itemAC MooreFriday only, Noon - 10pm
Cricut Expression bundle$199.99AC MooreFriday only, 5am-Noon. Doorbuster, no coupons or rainchecks.
Cricut Cake Machine$199.99AC MooreFriday only, 5am-Noon. Doorbuster, no coupons or rainchecks.
Cricut Cartridges, entire stock$34.99AC MooreFriday & Saturday, while supplies last.
Cricut Cartridges, seasonal$19.99AC MooreFriday & Saturday, while supplies last.
Sizzix Vagabond Machine$199.99AC MooreFriday & Saturday, while supplies last.
Paper Bliss or Sandylion Stickers, select$1AC MooreFriday & Saturday, while supplies last.
TPC Studio Scrapbooking Kits$5AC MooreFriday & Saturday, while supplies last.
Photo Boxes3 for $5AC MooreFriday & Saturday, while supplies last.
Sizzix Machines & Products40% offAC MooreFriday & Saturday, while supplies last.
Spellbinders Dies, select$9.99AC MooreFriday & Saturday, while supplies last.
Packaged Paper, entire stock40% offAC MooreFriday & Saturday, while supplies last.
Colorbok Scrapbook Kits$9.99AC MooreFriday & Saturday, while supplies last.
Albums3 for $12AC MooreFriday & Saturday, while supplies last.
JetMax Modular Storage Units60% offAC MooreFriday & Saturday, while supplies last.
Free Shipping at Joann.com (Code: AA347)
Joann.com
Valid on orders over $35 thru 12/11.
Cricut Expression bundle w/ four cartridges$249.99Target.comFree shipping. Not available in stores.
Cricut Expression Machine$235.00Walmart.comThursday only. Online only.
Cricut Cartridge Bundle (choose your own)2 for $55Walmart.comThursday only. Online only.
Digital Supplies30% offDesigner DigitalsThrifty Thursday sale extended through Friday!
Christmas Scrapbook Kits, Albums, Stickers & Accessories50% offHobby LobbyFriday & Saturday
Cricut Cartridges & Accessories50% offHobby Lobby Friday & Saturday
Albums - Value Scrapbook Albums$3.99Hobby LobbyFriday & Saturday
Paper Packs - 180 ct. Sheet Printed Packs$7.99Hobby LobbyFriday & Saturday
Scrapbook Page Kits by The Paper Studio$2.99Hobby LobbyFriday & Saturday
Rolling Scrapbook Totes by The Paper Studio$39.99Hobby LobbyFriday & Saturday
Ribbon By The Roll50% offHobby LobbyFriday & Saturday
Coupon - 40% off any one regular priced itemHobby LobbyFriday & Saturday

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3

ScrapHD Acquired By Michaels

Online scrapbooking application ScrapHD, which shut down on July 31st, announced today that it has been acquired by Michaels Stores, Inc.

The ScrapHD website allowed users to combine their photos with design elements from scrapbook companies such as American Crafts, Jenni Bowlin Studios and My Minds Eye to create photo books, greeting cards and posters.

“We have focused on building an application that gives scrapbookers the ability to really customize their pages and books in an online world with an application that is intuitive and easy-to-use,” said Ross Petersen, President and co-founder of ScrapHD. “Michaels can take the ScrapHD technology to the millions of Americans who are interested in preserving their digital photos in a fun and creative format.”

“We believe existing and future Michaels customers will love this application, featuring more than 10,000 pieces of digital creative content and an easy-to-use interface that appeals to beginners and experts alike,” said Michaels CEO John Menzer. “Digital photo booking and digital scrapbooking are an important part of Michaels’ strategy to continue as a world-class leader in the arts and crafts industry.”

The companies indicated in the announcement that ScrapHD’s website will remain closed until 2011, when it will re-launch under the banner of Michaels Stores with both free and premium content. One possible new feature for ScrapHD has already been hinted at in the acquisition announcement with the mention of customers having the ability to have their photo books delivered to their local Michaels store.

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