A joint venture comprising SB360 Capital Partners, Hilco Global, and Gordon Brothers has received approval from bankruptcy court to conduct Going Out of Business (GOB) sales at all 89 remaining locations of American Signature Inc. (ASI). This decision follows ASI’s voluntary Chapter 11 filing in November 2025. The company is known for its chains, Value City Furniture (VCF) and American Signature Furniture (ASF), serving home furnishings needs for nearly 80 years across the eastern United States.
Details of the Going Out of Business Sales
The GOB sales commenced today at 79 Value City Furniture stores across 13 states, alongside 10 American Signature locations in Delaware and Florida. Customers can expect discounts ranging from 25% to 50% off original prices on various home furnishings. This includes selections for living rooms, dining rooms, and bedrooms, as well as decorative items, lighting, mattresses, and rugs.
Additional Store Closures
- Five additional stores in Tennessee and North Carolina are also closing.
- These locations include four ASFs in Nashville and one VCF in Charlotte.
- They have been offering storewide discounts and will continue to do so as they conclude sales in the upcoming weeks.
Quotes from the Joint Venture
Aaron Miller, President of SB360, remarked on the scale of the discounts, stating, “A sale of this magnitude will bring never-before-seen values to a broad selection of top-quality furniture.” He emphasized the importance of shopping early due to the limited inventory and compelling liquidation discounts.
Who are SB360, Hilco, and Gordon Brothers?
SB360 Capital Partners is a prominent advisory and restructuring firm in North America specializing in the retail sector. The firm provides equity capital to assist businesses in growth and turnaround efforts.
Hilco Global, a subsidiary of ORIX Corporation USA, delivers diverse financial services tailored to various sectors, enhancing enterprise value for clients dealing with diverse challenges.
Gordon Brothers, established in 1903, specializes in maximizing liquidity for businesses through asset realization and has extensive expertise in retail, commercial, and real estate sectors.
Finding a Store Near You
For customers interested in the GOB sales, ASI provides a store locator available via their ASF and VCF websites. The ample discounts represent an opportunity for shoppers to find high-quality furnishings at significant prices while supplies last.
