Michael's isn't my favorite hobby store, but it is the best store for finding beads, tools and other supplies for your hobby of beaded jewelry and design. I always have plenty of merchandise to choose from when I visit Michael's that their rivals like Garden Ridge and Hobby Lobby don't have. As for any other hobbies, you would best try one of their rivals like Garden Ridge or Hobby Lobby.
PROS: Good Place for Bead Supplies
CONS: Not as much selection for other hobbies