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Furniture chain closing more stores after bankruptcy filing

American Signature has begun store-closing sales with steep discounts while inventory lasts (file photo) — American Signature has begun store-closing sales with steep discounts while inventory lasts (file photo) (Getty Images)

American Signature Inc., the parent company of Value City Furniture, has filed for Chapter 11 bankruptcy.
The chain, which had more than 120 stores nationwide, previously announced the closure of four stores in Tennessee and it now plans to close or liquidate dozens more locations.
The bankruptcy filing is intended to help the company restructure and address its substantial debts amidst ongoing challenges in the home furnishing industry.
Despite the closures, Value City Furniture and American Signature stores and websites will remain open during the bankruptcy process, with store-closing sales and Black Friday promotions underway.
The chain released a list of stores on its website that are holding total inventory blowout sales.

Longtime furniture chain announces store closures after filing for bankruptcy — In full