Liquidator Hilco Consumer-Retail announced the shuttering of 328 locations nationwide and the start of store-closing sales.

Suburban Columbus-based Franchise Group has opted to shut down its American Freight discount furniture retail chain as a way to alleviate its debt challenges in a Chapter 11 bankruptcy process.

American Freight plans to close storefront locations, including in Houston, as its parent company, Franchise Group Inc., has filed for Chapter 11 bankruptcy. The furniture and mattress store has initiated the final closing sales at 328 locations with discounts being offered including 30% off the lowest ticketed prices,

American Freight will close all its Ohio stores as it shutters across the U.S. How many are in Ohio? And who owns American Freight? What we know.

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

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

Over 300 American Freight stores are closing nationwide, two of which are in Central Illinois. The chain furniture store operates in dozens of states. In Central Illinois, locations include Champaign and Decatur.

An Ohio-based furniture retailer is shutting down for good, closing doors at all locations across the nation. As it closes, the company promises slashed prices and deep discounts as they work to get rid of inventory.