National Furniture Store Files for Bankruptcy

It's always unfortunate to hear but it's another round of bankruptcies, this time for a popular chain of retail furniture stores with over 300 locations across the United States including 7 locations here in the Pacific Northwest.

These come from the parent company Franchise Group.

The Franchise Group has several brands under their name including The Vitamin Shoppe, Pet Supplies Plus, Buddy's Home Furnishings, and Wag N Wash.

Get our free mobile app

It seems like those stores aren't going anywhere, at least for the time being.

The one in question is a furniture and appliance store called American Freight.

American Freight has been around since 1994 offering quality furniture, mattresses, and appliances at low, low prices.

WKYC is reporting that Franchise Group is filing for chapter 11 bankruptcy and has plans on closing all 328 locations.

Although they don't have a lot of those locations in the northwest, they do have 7 of them including two in Seattle, one in Portland and 4 in Boise.

This is just for the American Freight stores. The idea of going bankrupt was just for American Freight locations which will remain open as they liquidate all remaining inventory in their stores.

As of this time, there's no word on what will happen to The Vitamin Shoppe, Pet Supplies Plus, Buddy's Home Furnishings, and Wag N Wash. Could those be next on the list of stores to liquidate? Anything is possible. I'm sure Franchise Group is trying to not get to that point but if anything happens we'll let you know.

More details about the Franchise Group filing for bankruptcy on kroll.com.

Most popular grocery stores in America

The most popular grocery stores in America, from corporate chains to family-owned enterprises. Stacker ranked them using consumer ratings sourced from YouGov polls.

Gallery Credit: Stacker

LOOK: 20 of the biggest insects in the world

Stacker compiled a list of 20 of the biggest insects in the world using a variety of news, scientific, and other sources.

Gallery Credit: Andrea Vale

Quiz: Do you know your state insect?

Stacker has used a variety of sources to compile a list of the official state insect(s) of each U.S. state, as well as their unique characteristics. Read on to see if you can guess which insect(s) represent your state.

Gallery Credit: Andrew Vale

LOOK: This is where homes are selling the fastest right now

Stacker compiled a list of the metros where houses are selling the fastest, according to data from Redfin.

Gallery Credit: Stacker

LOOK: Here are the states where you are most likely to hit an animal

Hitting an animal while driving is a frightening experience, and this list ranks all 50 states in order of the likelihood of such incidents happening, in addition to providing tips on how to avoid them.

Gallery Credit: Dom DiFurio & Jacob Osborn

QUIZ: Can you identify 50 famous companies by their logos?

How well do you know the logos of 50 of the world's most famous companies? Keep scrolling to see if you can guess which icon belongs to which brand.

LOOK: 20 American foods that raise eyebrows outside of the US

Stacker compiled a list of 20 unusual and uniquely American foods that might raise eyebrows outside the U.S.

Gallery Credit: Charlotte Barnett

Source: Furniture Chain Files for Bankruptcy: Plans to Close 7 PNW Stores

Filed Under: bankruptcy