Does Hobby Lobby Own Michaels?
Have you ever walked into Michaels, confused if the big box craft and art store are connected to Hobby Lobby in any way? If so, you’re not alone – many people want to know if there is indeed a connection between the two stores.
Hobby Lobby and Michaels are two separate companies with distinct branding and specialty offerings that appeal to different demographics. However, it’s not uncommon to see similarities between the locations of both stores as well as the variety of products they offer. So it’s easy for customers to be left wondering whether or not Hobby Lobby owns Michaels.
In this article, we will explore whether there is any connection between these two leading retail chains: does Hobby Lobby own Michaels? We’ll dig deeper into brands and their competitive positions in the industry today to give readers the definitive answer.
Does Hobby Lobby Own Michaels?
1. Does Hobby Lobby own Michaels?
The short answer is no. Hobby Lobby does not own Michaels. However, the two popular chain craft stores offer some similar products, and both have a long history of success in America.
2. What is the difference between Hobby Lobby and Michaels?
Hobby Lobby and Michaels are big box stores specializing in crafting supplies and home décor items. While they feature many of the same brands and products, there are also distinct differences between the two stores—especially when it comes to their exclusive items and product lines. Regardless of which store you shop at, each has its vibe and offerings for its customers.
3. Who owns Hobby Lobby?
Hobby Lobby is owned by the private investment group Green Equity Investors IV, LP (GEI). GEI is a Delaware-based partnership that was founded in 2012 and has since been investing in businesses including retail, financial services, manufacturing, transportation & logistics.
Michaels vs. Hobby Lobby | U.S. News
Michaels and Hobby Lobby are two of the most popular arts and crafts stores in the United States. While both stores stock many of the same products, there are some key differences between them that shoppers should be aware of. Both stores offer a wide variety of products for makers of all ages and skill levels, including scrapbooking and jewelry-making supplies, yarn, seasonal items, home decor, and custom framing services.
For starters, Michaels is typically more expensive than Hobby Lobby. However, Michaels offers frequent sales and discounts that can help shoppers save money on their purchases. Additionally, Michaels has a rewards program that allows customers to earn points for every dollar spent in-store or online. These points can then be redeemed for discounts on future purchases. On the other hand, Hobby Lobby does not have a rewards program, but they offer weekly coupons to help shoppers save money on their purchases. Furthermore, Hobby Lobby often has better prices than Michaels on certain items such as fabric and home.
What To Know About Michaels
Michaels is one of the largest arts and crafts retailers in the United States, with 1,275 stores in 49 states and Canada. In 2021, Michaels went private in a deal valued at $5 billion with Apollo Global Management. This acquisition was made possible by Bain Capital, which bought the retailer in 2006 and had a major stake in the auction. As a privately owned company, Apollo acquired Michaels using stock purchases, and they are not publicly traded.
The company has seen increased net sales due to new shopping options like curbside pickup and BOPIS (Buy Online Pickup In-Store). This has allowed customers to shop from the comfort of their own homes while still getting access to all of their favorite products from Michaels. Additionally, Michaels offers a wide range of craft supplies for both hobbyists and professionals alike, making it an ideal destination for anyone looking to get creative.
What To Know About Hobby Lobby
Hobby Lobby is a retail giant in the arts and crafts industry. With over 900 stores in 47 states and 43,000 employees, it is the world’s largest privately owned arts and crafts retailer. Hobby Lobby offers an extensive selection of items, including fabric, home, and seasonal decor, and art supplies. It also provided a volume of over $5 billion in 2018. It was founded by David Green in 1972 as Greco Products and has since grown to become one of the most successful companies in its field. The company is owned by the Green family, who have been instrumental in its success. Hobby Lobby has become a household name for those looking for quality craft supplies at affordable prices.
Which Is Better for Art Supplies: Hobby Lobby or Michaels?
When it comes to art supplies, Michaels is the better choice. With a greater variety of brands and prices than Hobby Lobby, Michaels offers higher quality art supplies that Hobby Lobby does not sell. Both stores offer products like canvases, sketchbooks, brushes, and paints, but Michaels has a broader selection of these items. Prices at both stores are similar, so that you can find good deals on art supplies at either store.
Many artists prefer to shop for their art supplies at Michaels because they trust the products’ quality. While Hobby Lobby may have some great deals on decor items, it is not as well-stocked with art supplies as Michaels is. If you are looking for a wide selection of high-quality art supplies, then Michaels is the place to go.
Can You Use Hobby Lobby Coupons at Michaels?
Shoppers looking to save money on their craft and home decor purchases may be disappointed to learn that Michaels no longer accepts coupons from Hobby Lobby or any other competitors. However, Michaels does offer price matching for in-stock items that are an exact match from brick-and-mortar retail stores and select online retailers, including Hobby Lobby and Amazon. Additionally, Michaels offers discounts and special promotions in its weekly ads, as well as coupons available on the Michaels website.
Hobby Lobby also has a price matching policy for items that match items they sell in-store, but they will not honor percent-off sales. Furthermore, Hobby Lobby discontinued its popular 40% off coupon in 2021 but still offers promotional deals and discounts in its weekly ads. Unfortunately, Hobby Lobby does not accept Michaels coupons or any other competitor coupons. Therefore, shoppers should take advantage of the price-matching policies at both stores to get the best deal possible on their purchases.
Is Michaels or Hobby Lobby Better?
When it comes to home and seasonal décor, Hobby Lobby is the clear winner. With a wide selection of items ranging from furniture to wall art, Hobby Lobby has everything you need to spruce up your home. They also offer fabric supplies for those looking to make their own curtains or other projects. The prices are reasonable, and they often have sales that can help you save even more money.
For artists, Michaels is the better choice. They offer a much larger selection of higher-end art supplies than Hobby Lobby, including paints, brushes, canvases, and sketchbooks. The quality of these products is also superior to what you’ll find at Hobby Lobby. Michaels also offers discounts on certain items throughout the year, which can help you save even more money on your purchases.
