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

American Freight is part of Delaware-based Franchise Group Inc.’s holdings. The closure of the furniture and appliance chain is part of the company’s Chapter 11 bankruptcy reorganization plan announced earlier this month.

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

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.

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.