Biggest Companies of the 2012 Inc. 5000

Courtesy Company
5 of 11

Michaels Stores

John Menzer, CEO
Irving, Texas

No. 4,866
2011 Revenue: $4.2 billion
Three-Year Growth: 9.63%

Michaels, supply mecca to the crafter crowd, went public in 1984 with only 16 store locations in the Deep South. Over the following 10 years, the company hurtled through an aggressive expansion program, gaining recognition as the largest arts and crafts retailer in North America by 1996, when it had 500 stores. In 2006, a deal returned the company to private ownership, and now Michaels operates more than 1,000 craft stores in 49 states. The company was No. 4,934 on the 2011 Inc. 5000 list.