US EditionAmerican Signature files for bankruptcy amid furniture sales slump
The Ohio-based retailer reported $803 million in sales for 2025, down from $1.1 billion in 2023, citing severe housing market decline and macroeconomic headwinds.
- On Sunday, American Signature Inc. filed for Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware, the Ohio-based parent of Value City Furniture and American Signature Furniture.
- Amid a steep housing downturn, executives cited broader macroeconomic pressures including a severe housing market decline, rising inflation, elevated interest rates, and new tariffs, Rudolph Morando said.
- Court papers reveal rising operating losses alongside planned store shutdowns as American Signature Inc. reports $803 million in sales in 2025, employs about 3,000 people, and plans 33 store closures.
- The company will continue liquidation and store-closing sales, and stores remain open, the company told Business Insider, while pursuing a sale of remaining assets with an expected agreement pending court approval.
- Amid failed financing, the company says it needs debtor-in-possession financing, with equity holders providing about $51 million and liabilities between just over $500 million and $1 billion to 1,000–5,000 creditors.
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A longtime family-owned furniture retailer turns to bankruptcy, plans to shutter dozens of stores
Furniture retailer American Signature Inc. has filed for bankruptcy protection.Bezbod/ShutterstockA decades-old, family-run furniture retailer has filed for Chapter 11 bankruptcy protection.In court filings, American Signature Inc. said the brutal housing market was partly to blame.The company behind the two furniture chains plans to shutter more than two dozen stores.A family-owned, 77-year-old furniture retailer has filed for bankruptcy protec…
American Signature Files for Chapter 11 Bankruptcy Protection
Home furnishing retailer American Signature Inc. has filed for Chapter 11 bankruptcy at the U.S. Bankruptcy Court for the District of Delaware and is pursuing a sale of its assets, the company said in a Nov. 23 statement. According to the petition filed on Nov. 22, American Signature owes money to an estimated 1,000 to 5,000 creditors and has assets in a range of $100 million to $500 million, with liabilities estimated to be between $500 million…
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