After 78 years, major furniture retailer closing all stores nationwide
Cleveland.com • • business
Key Points:
- American Signature Inc. is closing all 89 of its stores as it winds down operations following its Chapter 11 bankruptcy filing in November 2025, with going-out-of-business sales offering up to 50% discounts.
- The decision to fully close stores marks a shift from the company’s initial bankruptcy plan to reorganize and seek a buyer for its assets.
- The company’s collapse is attributed to a severe housing market decline, a post-pandemic slowdown in furniture demand, and rising costs from inflation, tariffs, and interest rates, leading to a nearly $150 million sales drop between 2024 and 2025.
- Customers face challenges receiving paid-for merchandise or refunds; the company continues to fulfill orders for in-stock items and advises customers
