> Furniture store chain shutting down all locations, with 7 in Tampa Bay area
Furniture store chain shutting down all locations, with 7 in Tampa Bay area
Clip ID 2473607
Clearance
Add to
Share
Add to Review Link
By Request
By Request assets are not available for immediate purchase.
This content has not been pre-checked for copyright.
Per clip rates are for 20 seconds of final usage. If you are using more then 20 seconds or need a different file format or have questions about clearances contact us
Description
A furniture store with 33 locations across Florida and 7 in the Tampa Bay area will be shutting down all its stores after its parent company filed for bankruptcy.
Franchise Group Inc. is closing its 328 American Freight stores nationwide and having store closing sales. In a Facebook post, the furniture chain said all retail locations are closing, and they are discounting items up to 30% off.
The parent company recently filed for bankruptcy at a court in Delaware. American Freight reportedly blamed the closures on financial issues that stemmed from "sustained inflation and macroeconomic challenges," according to a news release.
MORE: https://www.wtsp.com/article/news/local/furniture-store-chain-shutting-down-all-locations-7-tampa-bay-area/67-5a4fed8c-937c-4de2-a0ac-807eedd3c148