Amid difficulties in the retail furniture market, American Freight, a national retailer of furniture and appliances, is closing all 328 of its stores. The shutdowns are underway in multiple states, including Texas, where 30 locations will be impacted, as reported by KHOU. In the Houston area, six stores will be closing. Store closing sales are already in progress, offering discounts of up to 30% off on both in-store and online purchases.
According to KHOU, the liquidation is being spearheaded by Hilco Consumer-Retail, which could turn into a good bargain opportunity for shoppers looking to score a deal on everything from sectional sofas to refrigerators. Ian Fredericks, the CEO of Hilco Consumer-Retail, emphasized the value proposition, stating, "Everything is on sale and must be sold, and we recommend shopping early for the best selection."
Meanwhile, CultureMap Houston provided additional detail, attributing the company's downfall to "sustained inflation and macroeconomic challenges," as per CultureMap Houston. American Freight's financial difficulties were highlighted by a bankruptcy protection filing made by its parent company, Franchise Group Inc., as outlined in U.S. Bankruptcy Court documents in Delaware. To attract customers, the company launched sales last Tuesday, offering a wide range of discounted products, including living room furniture and scratch-and-dent appliances.
In a statement obtained by CultureMap Houston, Fredericks expressed his commitment to providing customers with prime value throughout the sale. "Our goal is to deliver outstanding value to customers during this full chain closing sale," he remarked. As the clearance events proceed, selected, financing and delivery options will stick around, giving customers a little more flexibility while they shop the liquidation sales.