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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.
On March 11, 2020, the company filed for bankruptcy, and announced it would close all 115 stores. At the time of the announcement, Modell's was the world's oldest sporting goods chain Olympia Sports – the company was founded in 1975, and on July 22, 2022, the company filed for bankruptcy and announced it would close all 35 stores by September ...
The company's stores were sold to a group of liquidators, and its CEO announced that all stores would close by the end of August 2016. [289] [290] Stein Mart filed for Chapter 11 bankruptcy in August 2020 with intent to close all of its locations due to the COVID-19 pandemic. [291] Sur La Table filed for Chapter 11 bankruptcy in July 2020. [22]
The main factor cited in the closing of retail stores in the retail apocalypse is the shift in consumer habits towards online shopping. [22] Holiday sales for e-commerce increased by an estimated 11% to 20% from 2015 to 2016.
FILE - A sign is placed in front of the American whiskey section at a B.C. liquor store after top selling American made products have been removed from shelves in Vancouver, B.C., Feb. 2, 2025.
The volume of retail sales fell by a record 18.1%, following the strong monthly fall of 5.2% in March 2020. [94] The proportion spent online soared to the highest on record in April 2020 at 30.7%, which compares with the 19.1% reported in April 2019. [94] All 60 Cath Kidston stores to close after collapse. [95]
How Many Stores Were Originally Going to Close? At first, Big Lots announced that it would continue operations as usual while closing 300 stores. By the end of September 2024, that had grown to ...