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Furniture store American Freight will close its 328 stores as parent company Franchise Group Inc. goes bankrupt. See the locations 'Everything on sale': American Freight closing all stores amid ...
Furniture retailer American Freight will close its 328 stores as parent company, Franchise Group Inc., goes bankrupt. 'Everything on sale': American Freight closing all Michigan stores. What we know
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.
Ollie's Bargain Outlet Holdings, Inc., commonly referred to as Ollie's Bargain Outlet is an American chain of discount closeout retailers.It was founded in Mechanicsburg, Pennsylvania, in 1982 by Morton Bernstein and Mark L. Butler with backing from Harry Coverman and Oliver E. "Ollie" Rosenberg; the latter of whom is the namesake of the company.
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]
The sale of the division to the Franchise Group was finalized on October 23, 2019. [24] Two months later, the Franchise Group acquired American Freight in December 2019 [45] and later rebranded its Sears Outlet stores as American Freight by April 2020. [46]