UPDATE 1-Michaels 2nd-qtr same-store sales rise 2.9 pct
August 23, 2012 at 07:21 AM EDT
Aug 23 (Reuters) - Michaels Stores Inc, North America's largest arts and crafts retailer, reported same-store sales rose 2.9 percent in the second quarter, helped by more transactions and a big sales jump in its framing services.