The Barnes family will close their playfully named Furniture Barn, founded 50 years ago by former GM employee David Barnes.

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

The Tacoma location of American Freight will close along with the other 327 stores in the United States. The parent company of the nationwide appliance and furniture store, Franchise Group, began Chapter 11 bankruptcy proceedings in federal court in Delaware.

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.

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.