The furniture chain American Freight is the latest retailer to shut down its operations, with the closing of all 328 stores across 41 states.
The store closings are part of Chapter 11 bankruptcy proceedings by Franchise Group Inc., its parent company. Franchise Group’s other retail holdings, including The Vitamin Shoppe and Buddy’s Home Furnishings, will continue to operate.
Hilco Consumer-Retail was contracted to wind down American Freight’s operations, with sales being conducted on the remaining inventory at the stores. The closures will also include American Freight’s e-commerce site.
“Our goal is to deliver outstanding value to customers during this full chain closing sale,” said Ian Fredericks, CEO of Hilco Consumer-Retail. “Everything is on sale and must be sold, and we recommend shopping early for the best selection.”
Photo courtesy of American Freight
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