Franchise Group, which owns American Freight, announced it is filing Chapter 11 bankruptcy and will be shuttering all of the furniture store's 328 locations.

Franchise Group, based in Delaware, Ohio, is the parent company of American Freight and other stores including Vitamin Shoppes.

A furniture and appliance retailer is closing all of its stores following the bankruptcy of its parent company.

PENNSYLVANIA, USA — American Freight has initiated store closing sales at all of its 328 locations and online. As a result, significant discounts are being offered to the brand's full assortment of inventory.

Franchise Group, based in Delaware, Ohio, is the parent company of American Freight and other stores including Vitamin Shoppes.

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

A furniture and appliance store is closing all of its locations across the United States, including four in Colorado. Closing sales began last week.

The Ohio-based discount retailer is closing 328 furniture, appliance and mattress stores, including 10 in Southern California, the Orange County Register reported, citing an announcement by liquidator Hilco Consumer-Retail.

Franchise Group cited "sustained inflation and macroeconomic challenges facing the large durable goods sector" as reasons to shut down 300-plus locations.