Furniture Retailer American Signature Files for Bankruptcy, Cites Tariffs

American Signature, parent company of furnishings retailers American Signature Furniture and Value City, has filed for Chapter 11 bankruptcy protection, according to a Nov. 22 filing in United States Bankruptcy Court for the District of Delaware. The company pointed to unfavorable economic conditions driven by the Trump administration’s tariff policies and a slower housing market as reasons for its slumping sales. “For nearly 75 years, American Signature has served as a family-owned furniture destination ...