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 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 has more than 300 locations, including stores in Cranston, Fairhaven and Fall River. The discount retail chain sells furniture sets, appliances and mattresses. Its parent company declared Chapter 11 bankruptcy.