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However, when it was renamed Franchise Group, the company retained Liberty Tax and Buddy's Home Furnishings as its subsidiaries. [4] One year after purchasing The Vitamin Shoppe and Sears Outlet, [5] the company purchased American Freight for $450 million in cash in 2020. [6] [7] - then Sears Outlet merged into American Freight. [8]
A second national furniture store chain has announced plans in 2024 to shutter operation in Athens.
Original American Freight logo and tagline. The first American Freight store was founded by Steve Belford in Lima, Ohio in 1994 as American Freight Furniture & Mattress. [21] By 2014, the company was operating 95 stores in 18 states, and October that year was acquired by an affiliate of private equity firm The Jordan Company of New York. [22]
Sears Hometown and Outlet Stores Inc. was an American retail company that sold home appliances, lawn & garden equipment, apparel, mattresses, sporting goods, and tools. [3] [4] The company had four subsidiary store formats: Sears Hometown, Sears Outlet, Sears Hardware and Appliance, and Sears Home Appliance Showrooms. [5]
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A one-stop-shop for furniture, mattresses and appliances just opened in Pueblo, where discounted items are offered for families on a budget. Pueblo's new American Freight store offers discount ...
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