The last 89 stores run by American Signature Inc.’s two furniture retailers are slated to close permanently as part of the company’s Chapter 11 bankruptcy, filed in November. Going-out-of-business sales are underway at Value City Furniture's 79 stores across 13 states, and American Signature Furniture’s 10 stores in Delaware and Florida.
A joint venture of SB360 Capital Partners, Hilco Global and Gordon Brothers, are conducting the sales.
Five other locations – four American Signature stores in Tennessee and a Value City in North Carolina – will wrap up their own store-closing sales over the next few weeks. The original plan, ahead of the start of the bankruptcy process, was to shutter 33 underperforming stores.
The nearly 80-year-old furniture retailer appears to be a casualty of the softness in the home goods sector. From 2024 to 2025 net sales fell nearly $150 million, and net operating loss widened by $52 million, according to its court filings.
