Value City, American Signature Furniture to shutter remaining stores

Core Insights - American Signature Inc. is closing its last 89 stores as part of a Chapter 11 bankruptcy filing, with going-out-of-business sales currently underway [1][2] - The company has experienced significant financial decline, with net sales dropping nearly $150 million and net operating loss increasing by $52 million from 2024 to 2025 [3] Group 1: Company Actions - The closure includes 79 Value City Furniture stores across 13 states and 10 American Signature Furniture stores in Delaware and Florida [1] - A joint venture of SB360 Capital Partners, Hilco Global, and Gordon Brothers is managing the liquidation sales [2] - Five additional locations, including four American Signature stores in Tennessee and one Value City store in North Carolina, will conclude their store-closing sales in the coming weeks [2] Group 2: Industry Context - The company’s struggles are indicative of broader challenges within the home goods sector, contributing to its financial downturn [3]