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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.
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 .
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.
Midway Mall was a 940,174 sq ft (87,345 m 2) square foot regional shopping mall in Elyria, Ohio. Lorain County's only enclosed regional mall, it sits on Ohio State Route 57, about 1/8 mile from Interstate 80 (the Ohio Turnpike) and Interstate 90. As of 2023, with former anchor Dunham's Sports closing its branch there, it is a dead mall.
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.
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]
Great Northern Mall; Location: North Olmsted, Ohio, United States: Coordinates: 1]: Address: 4954 Great Northern Mall: Opening date: 1976: Developer: Biskind Development Company: Management: Pacific Retail Capital Partners: Owner: Starwood Capital Group: No. of stores and services: 120: No. of anchor tenants: 6 (5 open, 1 vacant): Total retail floor area: 1,180,000 sq ft (110,000 m 2) [2]: No ...
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