tldrdaily.news logo
Tag

Franchise Group

All articles tagged with #franchise group

American Freight Furniture Announces Nationwide Store Closures and Liquidation Sales
business1 year ago

American Freight Furniture Announces Nationwide Store Closures and Liquidation Sales

American Freight is closing all 328 of its U.S. furniture stores, including 33 in Florida, as part of Chapter 11 bankruptcy proceedings by its parent company, Franchise Group. The closures are attributed to "sustained inflation and macroeconomic challenges." Closing sales with discounts up to 30% are being offered. Franchise Group's other businesses, such as The Vitamin Shoppe and Pet Supplies Plus, will remain operational.

via Miami Herald|
#american-freight#bankruptcy#business
Major Furniture Retailer Closes All U.S. Stores, Launches Liquidation Sale
business1 year ago

Major Furniture Retailer Closes All U.S. Stores, Launches Liquidation Sale

American Freight, a retailer of furniture, mattresses, and appliances, is closing all 370 U.S. locations as its parent company, Franchise Group, enters Chapter 11 bankruptcy. The closures are part of a strategy to strengthen other brands under Franchise Group, such as Pet Supplies Plus and The Vitamin Shoppe, amid economic challenges and inflation affecting the durable goods sector.

via SILive.com|
#american-freight#bankruptcy#business
Major Furniture Chain Closes Nationwide, Triggers Massive Sales
business1 year ago

Major Furniture Chain Closes Nationwide, Triggers Massive Sales

Franchise Group, the operator of American Freight, has filed for Chapter 11 bankruptcy and announced the closure of all 370 American Freight Appliances & Furniture stores, including 10 in Alabama. This decision is part of a strategy to focus on its other businesses, Pet Supplies Plus, The Vitamin Shoppe, and Buddy’s Home Furnishings, which will remain open. The closures are attributed to inflation and macroeconomic challenges affecting the durable goods sector.

via AL.com|
#american-freight#bankruptcy#business