American Freight to Close All Stores Nationwide Amid Bankruptcy
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.
