American Freight is permanently closing all 328 stores across the U.S., including 33 in Florida, as part of Chapter 11 bankruptcy proceedings filed by parent company Franchise Group Inc.
The company cites sustained inflation and difficult macroeconomic conditions within the durable goods sector as key drivers behind the decision. American Freight’s closure marks another casualty in a tough retail environment strained by rising operational costs and slowing consumer demand.
Going-out-of-business sales are being managed by Hilco Consumer-Retail, offering significant discounts as the stores clear their inventory. This nationwide closure impacts hundreds of employees and leaves a gap in the affordable home furnishings market as inflation continues to reshape retail viability.
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