Furniture and appliance retailer American Freight is closing all stores nationwide as part of Chapter 11 bankruptcy proceedings by its parent company, Franchise Group Inc. The company is shuttering all 328 of its stores and initiating store closing sales nationwide as it winds down its operations while its parent company undergoes restructuring. On Friday, American Freight said it's offering "significant discounts" on the brand's full assortment of inventory, up to 30%.
7-ELEVEN SHUTTING DOWN NEARLY 450 UNDERPERFORMING STORES ACROSS NORTH AMERICA Earlier this month, Franchise Group Inc. – which also owns brands including Pet Supplies Plus, The Vitamin Shoppe, and Buddy's Home Furnishings – began bankruptcy proceedings in the U.S. Bankruptcy Court for the District of Delaware.