American Freight Shutters All Stores Amid Bankruptcy, Major Sales Begin
TL;DR Summary
American Freight, a Columbus, Ohio-based furniture and appliance retailer, is closing all its 370 stores, including three in the St. Louis area, due to sustained inflation and macroeconomic challenges. The company has 13 stores in Missouri and 11 in Illinois. The furniture retail sector has struggled since the COVID-19 pandemic, with many top retailers experiencing declining sales.
Topics:business#american-freight#business#economic-challenges#furniture-retail#st-louis#store-closures
- Furniture retailer closing all stores, including 3 in St. Louis area KSDK.com
- American Freight Store Closing Sales Begin At Locations Nationwide Offering Shoppers Significant Savings PR Newswire
- 'Everything on sale': American Freight closing all stores amid parent company's bankruptcy USA TODAY
- Five area furniture stores slated to close after owner seeks bankruptcy protection Dayton Daily News
- Distressed retail chains file for Chapter 11 bankruptcy TheStreet
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