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Company: Michaels Stores, Inc.
Current Parent Company:
Michaels Companies
Parent at the Time of the Penalty Announcement:
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Penalty: $1,800,000
Year: 2011
Date: September 19, 2011
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Michaels Stores, Inc. agreed to a $1.8 million settlement of allegations that it engaged in deceptive advertising practices by misleading consumers into thinking they were receiving steep discounts over a two year period.
Level of Government: state
Action Type: agency action
Agency: New York Attorney General
Civil or Criminal Case: civil
Facility State: New York
HQ Country of Current Parent: USA
HQ State of Current Parent: Texas
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: retailing
Specific Industry of Current Parent: retail-craft supplies
Source of Data:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.