That is the challenge for Michaels Companies, which got a boost last year from Rainbow Loom kits that allow crafters to weave bracelets out of multicolored rubber bands. Back in the third quarter ...

IRVING, Texas, Aug. 1, 2013 /PRNewswire/ --Michaels has become the first national craft store to carry the season's hottest kids' trend sweeping North America: the Rainbow Loom ® will be ...

Rainbow Loom, a jewelry-making product that’s shot to the top of the toy industry in the past two years, is a huge part of the growth story at Michaels. (Editor’s note: Kyle Stock owns a ...

Shoppers chat at a Michaels store in Cincinnati. The company is hoping to replicate the “huge success” it’s had with Rainbow Loom rubber-band craft kits.( Luke Sharrett - Bloomberg News ...

But same-store sales were down 0.8 percent. A year ago, same-store sales increased 7.9 percent as Rainbow Loom products scored big. Michaels obtained an exclusive selling agreement during Rainbow ...