[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.

[24] On November 3, 2024, Franchise Group and all of its affiliated subsidiaries filed for Chapter 11 bankruptcy protection in Delaware.

[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.