American Freight to Close All Stores Amid Franchise Group Bankruptcy

The furniture and appliance retailer will shut down 328 locations as its parent company seeks to restructure under Chapter 11.

American Freight's parent company, Franchise Group Inc., has filed for Chapter 11 bankruptcy in Delaware.
The closure affects all 328 American Freight stores across 41 states, including 33 locations in Florida.
Store closing sales are being managed by Hilco Consumer-Retail, offering discounts of up to 30% on all inventory.
Franchise Group's other brands, such as The Vitamin Shoppe and Pet Supplies Plus, will continue operations.
The decision to close American Freight is attributed to sustained inflation and challenges in the durable goods sector.