American Freight, a chain of furniture stores operating in dozens of states, is permanently closing all 328 locations due to struggles with sustained inflation and macroeconomic challenges, according to its parent company.
Store-closing sales are currently ongoing and are being managed by Hilco, a company offering liquidation services.
The big picture: The decision to close all American Freight locations was made after its parent company, Franchise Group Inc., filed for bankruptcy protection.
- Franchise Group stated that the closure of American Freight is part of its strategy to support its other brands like Pet Supplies Plus, The Vitamin Shoppe, and Buddy’s Home Furnishings for continued operation.
- The store-closing sales began on Nov 5 both online and in-store, with discounts of up to 30% on furniture, appliances, and other merchandise.
