Remaining Value City Furniture stores to close

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.

Credit: Retaildive.com