A national furniture retailer is closing down all its stores, including 12 in NC
Furniture retailer American Freight is closing all of its 300-plus stores, including a dozen in North Carolina, as its parent company continues bankruptcy proceedings.
Franchise Group, which owns American Freight along with Pet Supplies Plus, The Vitamin Shoppe and Buddy’s Home Furnishings, began Chapter 11 bankruptcy proceedings Sunday, Nov. 3.
As part of the restructuring, Franchise Group will “wind down American Freight, which has struggled due to sustained inflation and macroeconomic challenges facing the large durable goods sector,” according to a press release from Franchise Group.
When do store-closing sales begin?
American Freight, which opened its first store in Ohio in 1994, began sales in store and online on Tuesday, Nov. 5.
There are 12 locations across North Carolina:
- Raleigh
- Charlotte
- Rocky Mount
- Fayetteville
- Wilmington
- China Grove
- Concord
- Hickory
- Gastonia
- Morganton
The Raleigh store is at 3529 Maitland Drive, and there are three Charlotte locations.
Shoppers can save up to 30% off on living room sets, bedroom furniture, dining tables, appliances and other items, according to a press release from Hilco Consumer-Retail, which is managing sales for American Freight.
Are Pet Supplies Plus, The Vitamin Shoppe or Buddy’s Home Furnishings closing?
Franchise Group’s other brands — Pet Supplies Plus, The Vitamin Shoppe and Buddy’s Home Furnishings — will not shut down.
“Each of these businesses has a demonstrated value proposition and provides great products and services to customers, which they will continue to do seamlessly during this process,” Franchise Group president and CEO Andrew Laurence said in the press release.
“Strengthening FRG’s balance sheet will allow us to enhance our support for these businesses as they advance their growth trajectories.”
