American Freight to Close All Stores Nationwide Amid Bankruptcy
TL;DR
American Freight is closing all 328 of its stores nationwide as part of Chapter 11 bankruptcy proceedings by its parent company, Franchise Group Inc. The company is offering significant discounts on its inventory, including furniture and appliances, as it winds down operations. Franchise Group, which also owns brands like Pet Supplies Plus and The Vitamin Shoppe, is undergoing restructuring to strengthen its capital structure. Despite the closures, other brands under Franchise Group will continue operations.
- American Freight closing all stores amid parent company’s bankruptcy filing New York Post
- A bankrupt firm is closing all its Florida furniture stores. Pets, vitamins safe for now Miami Herald
- Major furniture and appliance retailer to close all U.S. locations: See which NY stores will shutter Democrat & Chronicle
- Major U.S. retailer closing all stores, launching liquidation sale KTLA Los Angeles
- American Freight Store Closing Sales Begin At Locations Nationwide Offering Shoppers Significant Savings PR Newswire
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