Who owns American Freight?
American Freight Furniture, Mattress, Appliance, or American Freight, is an American retail company that sells furniture, mattresses, and home appliances. Who owns American Freight? The first American Freight store was founded by Steve Belford in Lima, Ohio in 1994 as American Freight Furniture & Mattress, to provide working families with affordable furniture options. The store’s…
American Freight Furniture, Mattress, Appliance, or American Freight, is an American retail company that sells furniture, mattresses, and home appliances.
Who owns American Freight?
The first American Freight store was founded by Steve Belford in Lima, Ohio in 1994 as American Freight Furniture & Mattress, to provide working families with affordable furniture options. The store’s strategy was to use modest warehouses to store the company’s furniture, and therefore eliminate markups associated with high-end showrooms.
In August 2019, Franchise Group, Inc., the parent of Liberty Tax, announced plans to acquire the Sears Outlet division from Sears Hometown and Outlet Stores, and on October 23, 2019, Sears Hometown and Outlet Stores completed its sale of Sears Outlet division to Franchise Group.
American Freight’s unmatched cash-on-cash unit economics make it an attractive opportunity for franchisees to benefit from a clear whitespace growth opportunity,” Franchise Group President and CEO Brian Kahn said, in a statement.
“We expect that combining American Freight with our similarly large-format Sears Outlet business and our small-format Buddy’s Home Furnishings business will generate significant economic synergies over time that will be realized from leveraging corporate overhead, vendor and franchisee partnerships, operating methods, and a common customer base.
