Furniture Retailer Sets Going-Out-of-Business Sales

American Signature (Columbus, Ohio), operator of the Value City Furniture and American Signature Furniture stores, will use three liquidators to run going-out-of-business sales at its remaining 89 stores. This announcement comes on the heels of American Signature’s filing for Chapter 11 bankruptcy last November, followed shortly thereafter by the closing of five of the chain’s stores.

Brought on to oversee the larger-scale closings of the brand’s remaining stores were SB360, Hilco Global and Gordon Brothers. The sales being run by those companies include sales start today (Jan. 9) at Value City Furniture’s 79 stores across 13 states, and American Signature’s remaining 10 stores in Delaware and Florida. Shoppers will find discounts of up to 50% off original prices on home furnishings, including living room, dining room and bedroom collections, as well as decor, lighting, mattresses and rugs.

The retailer, which had been in business for nearly eight decades, blamed its bankruptcy on declining sales and increased costs due to inflation and tariffs. American Signature is a unit of privately held Schottenstein Stores.