Popular Retail Chain Closing All Michigan Locations

Sad news for another major chain that is shutting down operations here in Michigan. The company is known as Franchise Group, Inc., (FRG), just filed for Chapter 11 bankruptcy to attempt to get back on their feet.

So, what stores does FRG own, and which will be shut down?

Popular Retail Chain Closing All Michigan Locations

FRG is most notable for their American Freight brand, known for the go-to for affordable couches, mattresses, and other home essentials, is saying goodbye for good. They’ve got close to $2 billion in debt, and to save some of their other brands.

👇 10 More Stores Closed On Thanksgiving In Michigan 👇

With 365 stores across 40 states, American Freight is a big brand for them. Liquidations have already begun as of November 5, both in-store and online.

If there’s a location nearby and you’ve been thinking about a new piece of furniture, now might be the time to jump in for some great discounts. Just remember, it’s all about clearing inventory, so once something’s gone, it’s not getting restocked.

While these sales might be a great offer for bargain hunters, it’s a tough situation for everyone else involved. American Freight has been a staple for budget-friendly furniture, and with every store closing, thousands of employees are going to be impacted.

Plus, it’s one more change to the retail landscape, and there’s something sad about seeing a familiar brand disappear.

If you see those “Going Out of Business” signs, it might be worth a look—but it’s also a reminder of just how much the retail world is changing, sometimes faster than we’d like.