American Signature Furniture and its associated sister brand, Value City Furniture, under the parent company American Signature Inc., are set to close all their stores. The closures come as the company moves forward with liquidation following a recent bankruptcy filing.
The long-standing furniture retailer, which has been in operation for over seventy years, is closing down operations due to financial challenges affecting the home furnishings sector.
American Signature Furniture and Value City Furniture Closing All Locations
American Signature Inc. (ASI) is proceeding with the closure of all its remaining stores as part of its bankruptcy process. The bankruptcy court approved SB360 Capital Partners, Hilco Global, and Gordon Brothers to handle Going Out of Business Sales at all remaining stores.
The nearly 80-year-old furniture retailer based in Ohio petitioned for Chapter 11 voluntary protection in the U.S. Bankruptcy Court of the District of Delaware in November 2025. At the time of the filing, ASI operated 89 stores nationwide: 79 Value City Furniture locations and 10 American Signature Furniture stores across 13 states, including Delaware and Florida.
The Going Out of Business sales are currently in process, offering discounts of up to 50% off original prices on a wide variety of goods. Inventory includes living room, dining room, and bedroom furniture, mattresses, rugs, lighting, and home decoration. Shoppers can find a list of Going Out of Business Sale locations on ASI’s website.
Five stores previously slated for closure are still running storewide sales with deeper discounts: four American Signature Furniture locations in Nashville and one Value City Furniture store in Charlotte.
Store Closures and Liquidation Come as a Result of Bankruptcy
According to bankruptcy filings, the company is closing all its outlets due to mounting financial and operational challenges in the furniture retail sector. Although the Chapter 11 filing would permit an orderly winding down, it does not include plans to reorganize or reopen stores under the existing brands.
In a declaration, the company cited declining sales volume after the pandemic as one of the major reasons for its bankruptcy. Housing market declines, macroeconomic factors, and heightened cost pressures due to rising inflation, elevated interest rates, and newly imposed tariffs were among other factors.
Due to a significant liability build-up, liquidation is occurring both in-store and online. The discounts will differ depending on the location and inventory.
Impact on Customers
The closures are also affecting customers who have orders, warranties, or store credits. Some customers are experiencing delays with pending orders and difficulties securing refunds.
During the liquidation period, the company has asked shoppers to review store-specific policies, as the return, delivery, and service terms may vary. Gift cards and financing agreements can also have time limits as the stores are ready to shut down.
Despite some unresolved customer issues, SB360 President Aaron Miller calls the sale ‘unprecedented. He added, “We encourage everyone to shop early during this limited-time event while selection is at its best. The compelling liquidation discounts on stylish furniture for every room of the home will make this a short sale in these stores.”
The closure of American Signature Furniture and Value City Furniture ends a long chapter in U.S. furniture retail. The shutdown highlights the broader challenges traditional retailers face amid shifting consumer habits and economic pressures.
