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Furniture Retail

All articles tagged with #furniture retail

business1 year ago

Bankrupt Furniture Chain Shuts Down All U.S. Locations

American Freight, a furniture store chain with over 300 locations nationwide, is closing all its stores, including 30 in Texas and one in northwest Austin, due to financial difficulties linked to inflation and macroeconomic challenges. The closures follow the bankruptcy filing of its parent company, Franchise Group Inc. Despite the shutdown, other brands under Franchise Group, like The Vitamin Shoppe, will remain open. Customers can avail discounts of up to 30% during the closing sales.

business1 year ago

American Freight Shutters All Stores Amid Bankruptcy, Major Sales Begin

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.

business2 years ago

IKEA expands in the US with 8 new stores and $2.2B investment.

IKEA is investing $2.2 billion to add 17 new locations in the US over the next three years, including eight stores and nine "plan and order" points, which will create over 2,000 jobs. The company also plans to open 900 new pick-up locations for customers. IKEA currently operates 51 stores and two "plan and order" points in the US. The expansion is aimed at increasing the density of IKEA's presence in the US and making its products and services more accessible and affordable to local customers.