Thread regarding Michaels Stores layoffs

Michaels is quietly closing stores in small towns. Research it. Wonder why We were told numerous reasons that we found were not fact based. This is very confusing. Maybe it's a sign of the times. Or maybe it's too much competition from the others. Either way they are gone.gone and so are the jobs. But yet the company is told Michaels is financially solid?... Could it be the Chinese import taxes or maybe the rising overhead on an outdated building or perhaps etc.