[8] The objective of the campaign was to provide firehouses with funds to improve resources for training, equipment, and financial support.

[22] The company was acquired by Franchise Group for US$450M[3] on February 14, 2020, and combined with the former Sears Outlets under the brand American Freight Furniture, Mattress, Appliance.

[23] On November 2, 2024, Franchise Group announced that they were preparing to file for Chapter 11 bankruptcy after months of losses and turmoil caused by its owner, B. Riley Financial.

The company suffered major losses due to high rising costs and macroeconomic challenges.

[25] However, in January 2025, a U.S. bankruptcy judge approved the sale of up to 28 American Freight stores and one distribution center to AF Newco I LLC.

2 additional locations were also included in the sale, but were eventually withheld due to possible state law issues.