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Michaels Crafts Deal for Updated, Smaller Corporate Headquarters in Texas

Dallas-Area Retailer's New Home Will Help Back More Than 1,200 Stores in the US and Canada
Michaels, an arts and crafts retail concept, has more than 1,200 stores in the United States and Canada. (Mike Mozart/Flickr)
Michaels, an arts and crafts retail concept, has more than 1,200 stores in the United States and Canada. (Mike Mozart/Flickr)

The Michaels Cos., with more than $5 billion in annual revenue, has worked out a deal to relocate and downsize its corporate office space in the Dallas area to a suburb known for being a go-to home for Fortune 500 companies.

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