Even if you don't know the difference between paper mache and potpourri, it's easy to see why Michaels Stores
Like red lipstick sales during times of war or Campbell Soup
Last night, the company posted second-quarter earnings of $0.35 a share on $616.5 million in sales. Penny-pinching consumers were no match for the lure of crafty creations as same-store sales inched higher during the period.
It's no secret. Thrift is still in fashion. Last week, closeout specialist Big Lots
So, is the message here that as an investor one can make money by following the patterns of folks looking to save money? Exactly. At least that's our two cents.
Ever wanted to make a quilt? Does a right to bear arms mean that you are handy with a glue gun? Beyond Michaels Stores, what's your favorite arts and crafts store? All this and more -- in the Crafty Fools discussion board . Only on Fool.com.