Michaels Going Public: Coincidence?

(Photo: Alisha Vargas)

Yesterday we published a post about how some retailers spend a lot of money and effort on their employees, how other retailers spend much less, and how that difference affects shoppers.

I mentioned finding long lines and few cashiers at the arts-and-crafts store Michaels. And I wrote this too:

FWIW, critics — especially Democratic critics — may note that Michaels is a chain that went public a long time ago, expanded widely, and was taken private in 2006 when it was acquired by two investment firms: the Blackstone Group and, yes, Bain Capital.

Today comes word that Michaels is going public again.

Coincidence?

Unfortunately, I’m sure it is.