HUNTSVILLE, Ala. — An Ohio-based furniture and appliance store will shut all 370 locations and cease operations.
American Freight has already begun the wind-down process, which will eventually close the doors on 10 Alabama stores, including one located on North Memorial Parkway in Huntsville.
The company said it had few options as it struggled with financial problems it blamed on “sustained inflation and macroeconomic challenges facing the large durable goods sector.” Franchise Group, which owns American Freight, filed this week for voluntary Chapter 11 bankruptcy in a Delaware court…