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Furniture store American Freight is set to close all of its 328 locations in dozens of states as a part of Chapter 11 bankruptcy proceedings by its parent company, Franchise Group Inc.
DAYTON, Ohio (WDTN) — A furniture company is closing all locations, including five in the Miami Valley. According to documents filed in the U.S. Bankruptcy Court in Delaware, American Freight ...
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]
Outlet stores sell Sears merchandise at discount. [13] Outlet stores are approximately 18,000 square feet and equipped with items such as home appliances, lawn and garden equipment, apparel, mattresses, sporting goods and tools. [3] Outlet stores sell discontinued, used, cosmetically blemished or reconditioned merchandise with new parts. [3] [14]
On March 17, 2017, JCPenney announced that its store would be closing as part of a plan to close 138 stores nationwide; [15] the store closed on July 31, 2017. [16] The former JCPenney store is now occupied by Turn 7 Liquidators as of October 2021. As of September 2020, Sears Outlet rebranded as American Freight, which closed in late 2024.
Furniture store American Freight is set to close all of its 328 locations nationwide ― including the Perry Township store at 4345 Lincoln Way E ― as a part of Chapter 11 bankruptcy proceedings ...
The company has decided to close all American Freight stores nationwide. There are 365 stores in 40 states, so it’s a large brand. Closing sales at all stores and online will begin on Nov. 5.
Franchise Group, Inc. is an American privately-held holding company that acquires and manages mainly franchise companies. It owns brands in various retail industries including American Freight, Buddy's Home Furnishings, The Vitamin Shoppe, and Pet Supplies Plus.