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

Furniture store American Freight is set to close all of its 328 locations in dozens ... according to Bloomberg. The financial news outlet said such bonuses are common to maintain continuity through the bankruptcy process and to help creditors recover ...

Furniture shoppers may be in luck. Not only will stores be offering Black Friday deals but American Freight, a chain with 328 locations nationwide, is clos

"Our goal is to deliver outstanding value to customers during this full chain closing sale," said Ian Fredericks, CEO of Hilco Consumer-Retail, which is handling the closing sale. "Everything is on sale and must be sold, and we recommend shopping early for the best selection." Financing and delivery are still available, but all sales are final.

The owner of the retail chain, which operates stores throughout Indianapolis and Indiana, has agreed to close all stores nationwide as part of a Chapter 11 bankruptcy agreement.

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 is shuttering all of its locations and kicking off store closing sales as part of Chapter 11 bankruptcy proceedings by its parent company.

Furniture retailer American Freight will close its 328 stores as parent company, Franchise Group Inc., goes bankrupt.