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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 WZM+fkbUdKUQjHfUgzR1WjK4DxYBZM+focNihzySSK1LjJk+++b/5E+lSeFO82ZY
 uxsJ6MRIARNTfkNptuSvtg==

<SEC-DOCUMENT>0001209191-03-008403.txt : 20030623
<SEC-HEADER>0001209191-03-008403.hdr.sgml : 20030623
<ACCEPTANCE-DATETIME>20030623123244
ACCESSION NUMBER:		0001209191-03-008403
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030619
FILED AS OF DATE:		20030623

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MARCUS RICHARD C
		CENTRAL INDEX KEY:			0001187783

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09338
		FILM NUMBER:		03752905

	MAIL ADDRESS:	
		STREET 1:		901 WEST WALNUT HILL LANE
		STREET 2:		MAIL STATION 6B-3
		CITY:			IRVING
		STATE:			TX
		ZIP:			75038

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MICHAELS STORES INC
		CENTRAL INDEX KEY:			0000740670
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-HOBBY, TOY & GAME SHOPS [5945]
		IRS NUMBER:				751943604
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0201

	BUSINESS ADDRESS:	
		STREET 1:		8000 BENT BRANCH DR
		STREET 2:		PO BOX 619566
		CITY:			IRVING
		STATE:			TX
		ZIP:			75063
		BUSINESS PHONE:		2147147000

	MAIL ADDRESS:	
		STREET 1:		PO BOX 619566
		CITY:			DFW
		STATE:			TX
		ZIP:			75261
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>doc4.xml
<DESCRIPTION>FORM 4 SUBMISSION
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument><schemaVersion>X0101</schemaVersion>    <documentType>4</documentType><periodOfReport>2003-06-19</periodOfReport><issuer><issuerCik>0000740670</issuerCik><issuerName>MICHAELS STORES INC</issuerName>        <issuerTradingSymbol>MIK</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId><rptOwnerCik>0001187783</rptOwnerCik><rptOwnerName>MARCUS RICHARD C</rptOwnerName></reportingOwnerId><reportingOwnerAddress><rptOwnerStreet1>  </rptOwnerStreet1><rptOwnerStreet2>  </rptOwnerStreet2><rptOwnerCity>  </rptOwnerCity><rptOwnerState>  </rptOwnerState><rptOwnerZipCode>  </rptOwnerZipCode></reportingOwnerAddress><reportingOwnerRelationship><isDirector>1</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther><officerTitle></officerTitle><otherText></otherText></reportingOwnerRelationship></reportingOwner><derivativeSecurity><securityTitle><value>Stock Option (Right to Buy)</value></securityTitle><conversionOrExercisePrice><value>38
.96</value></conversionOrExercisePrice><transactionDate><value>2003-06-19</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>A</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionTimeliness><value></value></transactionTimeliness><transactionAmounts><transactionShares><value>17500</value></transactionShares><transactionValue><value>0</value></transactionValue><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>2003-06-19</value><footnoteId id="F1" /></exerciseDate><expirationDate><value>2008-06-18</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>17500</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>17500</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ow
nershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeSecurity><footnotes><footnote id="F1">Grant to the reporting person on June 19, 2003 of options under the Michaels Stores, Inc. 2001 General Stock Option Plan to purchase 17,500 shares of Michaels Stores, Inc. common stock (exempt), all of which vested immediately upon grant.</footnote></footnotes><ownerSignature><signatureName>/s/ Elizabeth K. Giddens, Elizabeth K. Giddens, Attorney-in-Fact for Richard C. Marcus</signatureName><signatureDate>2003-06-23</signatureDate></ownerSignature></ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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