Market Overview

Michaels to Hire 15,000 Seasonal Employees for the Holidays

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Largest Specialty Arts & Crafts Retailer in the U.S. Recognized as
a 2018 Great Place to Work®

The Michaels Companies, Inc. (NASDAQ:MIK) today announced it will hire
more than 15,000 seasonal positions across its U.S. and Canadian stores
and distribution centers in preparation for the 2018 holiday season.
Additionally, the Company was recently certified as a great workplace by
the independent analysts at Great Place to Work®, the global authority
on high-trust, high-performance workplace cultures.

"At Michaels we are proud of our strong culture and are thrilled to be
officially named a great workplace. This certification was measured on
several categories that are vital to creating a great culture and are
important at Michaels, including trust, respect, credibility, pride and
camaraderie," said Holly Shaskey-Platek, Senior Vice President of Human
Resources.

The Michaels Companies mission is to inspire and enable customer
creativity, create a fun and rewarding place to work, foster meaningful
connections with communities and lead the arts and crafts industry in
innovation. The Company earned the Great Place to Work® credential based
on extensive ratings and feedback provided by its team members in
surveys. Great Place to Work for All® is the global analytical authority
on high-trust, high-performance workplace cultures, providing analytics
to 10,000 organizations in over 57 countries.

Shaskey-Platek continued, "As North America's largest arts and crafts
specialty retailer, we are the ultimate destination for holiday shopping
for makers of all ages, and we are committed to making it easier for
customers to get what they need and easier for our team members to help
them. Our store teams play an essential role in creating meaningful and
fun shopping experiences, and we are excited to again welcome more than
15,000 bright, creative and friendly team members to join our team this
holiday season."

Seasonal team members benefit from competitive wages, flexible hours and
a 30% discount and being on Michaels store team is an experience filled
with fun, hard work, creativity and teamwork. Last year, Michaels hired
more than 40% of seasonal positions into regular roles following the
holidays. Seasonal positions are being offered in more than 1,200 stores
across 49 states in the U.S. and Canada. Candidates interested in
seasonal positions can learn more and apply online at Michaels.com/storejobs.

About The Michaels Companies, Inc.

The Michaels Companies, Inc. is North America's largest specialty
provider of arts, crafts, framing, floral, wall décor, and seasonal
merchandise for Makers and do-it-yourself home decorators. The Company
owns and operates more than 1,200 stores in 49 states and Canada under
the brands Michaels and Pat Catan's. Additionally, the Company serves
customers through Michaels.com, consumercrafts.com and
aaronbrothers.com. The Michaels Companies, Inc., also owns Artistree, a
manufacturer of high quality custom and specialty framing merchandise,
and Darice, a premier wholesale distributor in the craft, gift and decor
industry. For a list of store locations or to shop online, visit www.michaels.com
or download the Michaels app.

About Great Place to Work®

Great Place to Work® is the global authority on high-trust,
high-performance workplace cultures. Through proprietary assessment
tools, advisory services, and certification programs, including Best
Workplaces lists and workplace reviews, Great Place to Work® provides
the benchmarks, framework, and expertise needed to create, sustain, and
recognize outstanding workplace cultures. In the United States, Great
Place to Work® produces the annual Fortune "100 Best Companies to Work
For®" list and a series of Great Place to Work® Best Workplaces lists
including lists for Millennials, Women, Diversity, Small and Medium
Companies and over a half dozen different industry lists. Follow Great
Place to Work online at www.greatplacetowork.com
and on Twitter at @GPTW_US.

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