November 23, 2009
Mr. William H. Thompson
Accounting Branch Chief
United States Securities and Exchange Commission
Division of Corporate Finance
100 F Street NE
Washington, D.C. 20549
Re: Michaels Stores, Inc.
Form 10-K for Fiscal Year Ended January 31, 2009
Filed April 2, 2009
Form 10-Q for Fiscal Quarter Ended August 1, 2009
Filed September 4, 2009
Form 8-K Filed August 25, 2009
File No. 1-9338
Dear Mr. Thompson:
I am writing in connection with the letter dated November 13, 2009 providing additional comments on the Company’s most recent Form 10-K, Form 10-Q and Form 8-K filed on August 25, 2009. Your letter indicates that the Company should respond to the comments within 10 business days or tell you when it would provide a response. This is to inform you that the Company plans to respond on or before December 15, 2009. Please let me know if you have any concerns about the Company providing a response no later than that date.
We greatly appreciate your consideration of this matter.
Please direct any questions to my attention at (972) 409-1581.
| Sincerely, |
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| /s/ Elaine D. Crowley |
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| Elaine D. Crowley |
| Executive Vice President — Chief Financial Officer |