Overview
- Going‑out‑of‑business sales are underway at Value City Furniture and American Signature Furniture locations with discounts reported up to 50%, all sales are final, and gift cards are no longer accepted.
- A joint venture of Gordon Brothers, Hilco Global and SB360 Capital Partners is running the liquidation, and individual stores will close as inventory is sold.
- Customers with undelivered orders or deposits are treated as unsecured creditors, must file bankruptcy claims or seek credit card chargebacks, and refunds are not guaranteed.
- Bankruptcy disclosures cite nearly $150 million in lost sales from 2024 to 2025, a $52 million increase in operating losses, and $50 million in debtor financing obtained during the failed sale effort.
- The wind‑down covers 89 remaining stores across 17 states, and the company had more than 3,000 employees at the time of its Chapter 11 filing in November 2025.