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Tag Archives | Michaels Stores

Secret Service Investigating Possible Michaels Card Data Breach

Michaels Stores has announced that it is investigating a possible breach of customer credit card data.

“We are concerned there may have been a data security attack on Michaels that may have affected our customers’ payment card information and we are taking aggressive action to determine the nature and scope of the issue,” said Chuck Rubin, CEO of Michaels Stores. “While we have not confirmed a compromise to our systems, we believe it is in the best interest of our customers to alert them to this potential issue so they can take steps to protect themselves, for example, by reviewing their payment card account statements for unauthorized charges.”

According to security blog KrebsOnSecurity, which broke the news of the recent Target security breach, Michaels is working with the Secret Service to to investigate a pattern of fraudulent card charges on cards that trace back to Michaels as a common point of use. Continue Reading →

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Michaels Stores Names Ulta Salons’ Chuck Rubin As New CEO

Michaels Stores has announced that they are naming Chuck Rubin as their new Chief Executive Officer and a member of the Board of Directors. The company has been operating under an interim Office of the Chief Executive Officer since the departure of previous CEO John Menzer on medical leave in mid-April 2012.

Chuck Rubin is resigning the post of CEO and Board Member of Ulta Beauty, where he’s been since 2010, effective February 21st to take the post at Michaels Stores. Before joining Ulta, Rubin was at Office Depot for six years. From 2007 to 2010, Rubin was also a member of the executive committee of the National Retail Federation. Continue Reading →

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Special 6×6 My Mind’s Eye Paper Pads At Michael’s

My Mind’s Eye is getting a lot of mileage out of some of their old collections with the help of Michael’s Stores!

Melissa Stinson wrote last week about finding the 2011 collection Stella and Rose being produced under Michael’s Recollections brand as a 12×12 paper pad. On my own trip to Michael’s on Friday, I didn’t find the Stella and Rose pad, but I found something else from My Mind’s Eye:

My Mind's Eye paper pads Continue Reading →

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John Menzer Resigns as Michaels CEO

Michaels Stores, Inc. announced Friday (July 20th) that CEO John Menzer has resigned to focus on his medical rehabilitation.

Menzer had been on medical leave from Michaels since he suffered a stroke in mid-April. The company has been being run since then by an Office of the CEO comprised of Lew Klessel, Interim Chief Operating Officer for the Company and Managing Director of Bain Capital, and Chuck Sonsteby, Chief Administrative Officer and Chief Financial Officer.

The company has announced that it will conduct a search for a replacement for Menzer, and the Office of the CEO will continue to run the company in the interim until a replacement is found. Continue Reading →

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Report: Michaels IPO On Hold “Indefinitely”

The Wall Street Journal is reporting, via its Deal Journal blog, that sources familiar with the company’s plans say the planned IPO of Michaels Stores Inc has been put on hold indefinitely following the stroke in April of CEO John Menzer.

Bain Capital and The Blackstone Group, the private equity companies that own Michaels Stores, filed in March with the SEC declaring their intent to take the company public through a $500 million IPO offering. 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, have been running Michaels Stores since Menzer’s stroke. The company announced Menzer’s illness on April 20th.  Continue Reading →

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Noteworthy | 7.6.2012

We’ve got some summer reading, some CHA news, and some news about your favorite designers this week on noteworthy!

CHA Attendees: The Craft & Hobby Association is warning attendees about two scams targeting convention attendees.

One is a supposed online show directory from Construct Data Verlag AG of Austria, Commercial Online Manuals S de RL de CV of Mexico and similar companies that is targeting exhibitors. Signing and returning the form for an entry in the online directory actually enters companies into an expensive three year contract that automatically renews.

The second scam is that several companies have been approaching CHA attendees offering to book hotel rooms at CHA at low rates, and then have not booked rooms and kept deposits that were placed with them. Par Avion is the only travel vendor associated with CHA that can book rooms at official CHA convention rates.

Please visit the CHA website for more information on what to do if you suspect your company has been targeted by one of these scams. Continue Reading →

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