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EXHIBIT
23.1
CONSENT OF INDEPENDENT AUDITORS
We consent to the incorporation by reference in the Registration Statements listed below and in the related Prospectuses of our report dated March 8, 2000,
with respect to the consolidated financial statements of Michaels Stores, Inc. included in its Annual Report (Form 10-K) for the year ended January 29, 2000.
Form
|
|
Registration No.
|
|
Pertaining to Michaels Stores, Inc.
|
| S-3 |
|
333-34459 |
|
Dividend Reinvestment and Stock Purchase Plan |
| S-3 |
|
333-29423 |
|
Amended and Restated 1992 Non-Statutory Stock Option Plan |
| S-3 |
|
333-29421 |
|
Amended and Restated 1994 Non-Statutory Stock Option Plan and Stock Option Agreement dated June 6, 1997, between Michaels Stores, Inc. and R. Michael Rouleau |
| S-3 |
|
333-29419 |
|
1997 Stock Option Plan |
| S-8 |
|
33-61055 |
|
Employees 401(K) Plan |
| S-8 |
|
333-29429 |
|
1997 Employees Stock Purchase Plan |
| S-8 |
|
333-82495 |
|
Deferred Compensation Plan |
| S-8 |
|
33-54726 |
|
Key Employee Stock Compensation Program |
| S-8 |
|
333-21635 |
|
Amended and Restated 1994 Non-Statutory Stock Option Plan |
| S-8 |
|
333-21407 |
|
Amended and Restated 1992 Non-Statutory Stock Option Plan |
/s/
ERNST & YOUNG LLP
Dallas,
Texas
April 24, 2000
CONSENT OF INDEPENDENT AUDITORS
