According to a new report by The News & Observer, popular furniture retailer American Freight is closing all of its 300+ stores – including 12 of them in NC. According to the report, Franchise Group, the owner of Pets Supplies Plus, The Vitamin Shoppe, and other companies filed for Chapter 11 bankruptcy.
The company released a statement saying they will “Wind down American Freight, which has struggled due to sustained inflation and macroeconomic challenges facing the large durable goods sector”.
The stores that will be closing are located in Raleigh, Charlotte, Rocky Mount, Fayetteville, Wilmington, China Grove, Concord, Hickory, Gastonia, and Morganton.