A major furniture retailer in the US has closed all 89 of its remaining stores, leaving around 10,000 customer orders undelivered following its bankruptcy.
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The retailer, which operated Value City Furniture and American Signature Furniture, filed for Chapter 11 in November 2025, citing declining demand, rising operating costs and a weak housing market. The business carried significant debt, with liabilities estimated between $500m and $1bn.
Store closures began earlier this year, with final clearance sales offering discounts of up to 60%. As of early April, all locations have ceased trading.
Court filings indicate that undelivered orders represent nearly $12m in claims, with customers required to submit claims before the end of April. Overall, approximately 36,000 claims worth $57m have been filed.
The collapse reflects ongoing pressure across the US retail sector, where shifting consumer behaviour, inflation and e-commerce growth continue to drive store closures.
While some competitors have restructured and recovered from bankruptcy, others continue to struggle, signalling further consolidation and disruption across the home furnishings market.
Source: www.the-sun.com
