Michaels is a large company that is traded on the NASDAQ stock exchange. Based in Irving, Texas, the company was founded in 1976 and has thousands of locations in the United States. Michaels is known for selling arts and crafts supplies with most stores featuring an average of 40,000 products all under one roof. The store also has an online website, which features all of the items that are available for purchase in stores as well as special Internet-only products. The inventory includes supplies for art, baking, beading, children's crafts, scrapbooking, sewing and knitting. Home decor, wedding supplies and frames are also available for purchase at Michaels.com.