The furniture store’s parent company also owns Pet Supplies Plus, The Vitamin Shoppe and Buddy’s Home Furnishings. Will they be affected?

And the latest furniture news comes from American Freight, a national retailer that’s shutting down all of its stores, as its parent company, Franchise Group, continues Chapter 11 bankruptcy proceedings. American Freight has a dozen stores in North Carolina, including one in Raleigh.

Store closing sales have begun in-store and online, with discounts of up to 30% off the lowest ticketed prices.

The store closing announcement comes days after American Freight's parent company announced restructuring as part of a bankruptcy filing.

A now-bankrupt furniture store is closing all of its roughly 370 locations across the country, including seven in the Valley. American Freight, an Ohio-based appliance and furniture store said the closures were due to financial problems incurred because of “sustained inflation and macroeconomic challenges facing the large durable goods sector,

A popular furniture store is closing more than 300 locations nationwide, including one in Austin. The Ohio-based chain American Freight is shutting down 30 locations in Texas, including its lone Austin storefront in northwest Austin at The Shops at Anderson Arbor.