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Michaels plans to shut its 94 Aaron Brothers framing and art-supplies stores, reports Reuters. Michaels will make Aaron Brothers a store-within-a-store concept to provide custom framing in all 1,300 Michaels stores.
Aaron Brothers reported $110 million in sales in Michaels’ latest fiscal year. Michaels says it will cost between $37 million and $42 million to shut the Aaron Brothers stores and that the process will be completed by July 31.
Aaron Brothers shops are located mostly on the U.S. West Coast. Michaels acquired Aaron Brothers in 1995.
By Brannon Boswell
Executive Editor, Commerce + Communities Today
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