Michaels CEO: Rainbow Loom Was 'Grand Slam' of Items

The transcript discusses Michaels' financial journey, including its IPO to reduce debt and strategic decisions to manage product trends. The company focuses on leveraging its assets to introduce new products like kinetic sand, while continuing to pay down debt without affecting strategic investments. The discussion also covers the challenges of data breaches and the importance of security measures. Finally, the transcript touches on payment methods and enhancing customer experience.

What percentage has Michaels increased since June?

What was the purpose of Michaels' initial public offering?

How much debt did Michaels aim to eliminate through their IPO?

What product's waning popularity contributed to a decline in sales?

What measures are being taken to address the data breach issue?