The closures are part of Chapter 11 bankruptcy proceedings by parent company Franchise Group Inc. Franchise Group Inc. cited "sustained inflation and macroeconomic challenges" as reasons for the closures. Going-out-of-business sales will be managed by ...

American Freight, a furniture and appliance retailer, begins closing its 370 stores amid bankruptcy of its parent company, Franchise Group Inc. Other Franchise Group brands will stay open.

The company, which sells discounted new, discontinued and refurbished furniture items, will have up to 30% off all items as part of its closing sale.

A retail giant has filed for bankruptcy - sparking fears for the 1,600 stores it runs under several popular brands.

Furniture retailer American Freight will close its 328 stores as parent company, Franchise Group Inc., goes bankrupt.

American Freight, a discount furniture and appliance retailer with more than 328 locations across 41 states, including California, is permanently closing all of its stores as its parent company navigates bankruptcy.