How Michaels Became the Largest Provider of Arts & Crafts in America Part 1 | Value Investor Chatter | #143

Michaels is the largest arts and crafts retailer in America, and it all started with a single store in Dallas, Texas. In this video, learn about how Michaels became such a powerhouse company and find out what sets it apart from its competitors.

Episode Outline

(00:00) Introduction

(01:28) What does Michaels do?

(06:30) The New CEO of Michaels

(09:17) Michaels' Business Model

(09:54) The Competitors of Michaels

(16:07) Michaels' Competitive Advantage

(17:35) Michaels'Biggest Risk

(18:24) Does the company require a lot of capital reinvestments to maintain its business?

(20:52) Conclusion

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