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.

A national furniture and appliance retailer is closing for business and shuttering all of its stores, including four in the Louisville area.

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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.