All 89 stores closed as the 78-year-old furniture chain

The company shared an FAQ on its website that answers some key questions:

• As part of the results of our sales process, All VCF and ASF retail stores will be closed permanently.

• Customers can visit and avail our remaining locations Store Closed Sale While the list lasts.

• All sales at all locations are final.

The company expects to ship all orders and indicates the following.

• We are trying our best Fulfill customer orders For products currently in stock.

• you can Track your order statushere.

• If we are unable to fulfill an order a customer has placed a deposit on, they may be able to file a claim. More information on how to file a claim is available here.

A joint venture of SB360 Capital Partners, Hilco Global, and Gordon Brothers owns all 89 remaining American Signature Inc. Has received bankruptcy court approval to conduct merchandise sales in stores. ASI is one of the leading home furnishings retailers in the country and is the parent company of Value City Furniture.

Merchandise sales begin Jan. 10 at Value City Furniture’s 79 stores in 13 states and 10 American Signature stores in Delaware and Florida. Shoppers will find up to 50% off original prices on a wide selection of home goods, including living room, dining room, and bedroom collections, as well as decor, lighting, mattresses, and rugs.

“A sale of this magnitude will bring unprecedented prices to a wide selection of high-quality furniture already offered at truly affordable prices,” SB360 President Aaron Miller said in a press release on behalf of the joint venture. “We encourage everyone to shop early during this limited-time event while the selection is great. Attractive liquidation discounts on stylish furniture for every room in the home will make it a short sale at these stores.”

U.S. Signature blamed its Chapter 11 bankruptcy filing on “one of the most severe housing market downturns in recent history,” according to the bankruptcy announcement by Co-Chief Restructuring Officer Rudolph Morando.

“Although the company has experienced a period of opportunistic growth during Covid, like many peers in the industry, it has faced a significant reduction in sales volume in recent years, resulting from the most severe housing market downturn in recent history, other macroeconomic factors and increased cost pressures due to rising inflation, increased interest rates, increases in low interest rates and reduced new consumer demand for furniture,” Morando said in the announcement.

The housing crisis is a real thing.

• High mortgage interest rates reduced affordability: Mortgage rates remain high (often above 6%) throughout 2025, making monthly payments more expensive and pricing many buyers out of the market, according to Fannie Mae.

• House prices remained prohibitively high relative to incomes: Even as price growth cooled, median home prices remained at record levels, well above historical norms, relative to household income, the Joint Center for the Nation’s Housing reported.

• The affordability crisis is deep: A Harvard University report found a record share of households spending more than 30% of their income on housing (rent or mortgage), contributing to declining homeownership and rising cost burdens.

• “Lock-in effect” limited supply: Many current homeowners are holding on to low-rate mortgages instead of selling, shrinking available inventory and keeping the market tight even as demand slows, common financial content.

• Inventory and supply imbalances: Active inventory grew modestly in 2025, but it wasn’t enough to solve a long-standing supply shortage, especially of affordable starter homes, in many markets, according to Housing Wire.

RELATED: Customers Left Hanging After Furniture Chain Bankruptcy

This story was originally published by TheStreet on January 10, 2026, where it first appeared in the Retail section. Add TheStreet as a preferred source by clicking here.