American Freight to Close All Stores Amid Parent Company's Bankruptcy

The furniture retailer's shutdown is part of Franchise Group's Chapter 11 restructuring plan.

American Freight Appliances and Furniture is closing all 328 locations across the United States, including online sales.
The closures are part of a restructuring plan by Franchise Group, which filed for Chapter 11 bankruptcy on November 3, 2024.
Franchise Group owns other brands like Pet Supplies Plus, The Vitamin Shoppe, and Buddy’s Home Furnishings, which will remain operational.
Store closing sales have begun, offering discounts of up to 30% on furniture and appliances.
The company cites sustained inflation and macroeconomic challenges in the durable goods sector as reasons for the shutdown.