The parent company of Value City Furniture and American Signature Furniture has received court approval to liquidate all remaining locations. The move marks the end of nearly eight decades of serving customers across the eastern United States.
American Signature Inc., an Ohio-based home furnishings retailer, announced that going-out-of-business sales began Thursday at its 89 stores following bankruptcy court authorization granted to a joint venture of SB360 Capital Partners, Hilco Global, and Gordon Brothers.
The liquidation affects 79 Value City Furniture stores spanning 13 states, as well as 10 American Signature locations in Delaware and Florida.
Customers can expect discounts reaching up to 50 percent off original prices on merchandise, including living room, dining room, and bedroom furniture collections, along with decor items, lighting fixtures, mattresses, and rugs.
The Columbus-based retailer filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware in November 2025, citing persistent economic challenges that impact the home furnishings industry. Founded in 1948, the family-owned furniture retailer had established itself as a shopping destination known for offering stylish, quality furniture at affordable prices.
“A sale of this magnitude will bring never-before-seen values to a broad selection of top-quality furniture already offered at truly affordable prices,” said Aaron Miller, president of SB360, on behalf of the joint venture. Miller encouraged shoppers to visit stores early while inventory remains large, noting that the compelling discounts are expected to result in a quick sellout.
Five stores in Tennessee and North Carolina that were previously announced for closure—four American Signature Furniture locations in Nashville and one Value City Furniture location in Charlotte—had already begun offering storewide markdowns and will continue with deeper price cuts as they finalize sales over the coming weeks.
When the company filed for bankruptcy protection two months ago, it had initiated a sale process under Section 363 of the U.S. Bankruptcy Code, hoping to conduct a competitive auction within approximately 45 days to maximize value for stakeholders, according to a November news release.
“For nearly 75 years, American Signature has served as a family-owned furniture destination that communities could rely on to provide style, quality, and value,” said Rudy Morando, co-chief restructuring officer for American Signature Inc., in the November announcement. “In the face of the ongoing macroeconomic headwinds that have impacted the entire home furnishing industry, the Company has carefully evaluated its options to assess the best path forward in the current operating environment.”
The company had secured approximately $50 million in debtor-in-possession financing from Second Avenue Capital Partners LLC to support operations during the bankruptcy proceedings.
Affected locations span Illinois, Indiana, Kentucky, Maryland, Michigan, Missouri, North Carolina, New York, Ohio, Pennsylvania, South Carolina, Virginia, West Virginia, Delaware, Florida, and Tennessee, according to a store locator.