January 23, 2026

Value City Furniture Closes Michigan Stores Amid Liquidation

Detroit, Michigan, January 23, 2026

Value City Furniture is shutting down its stores in Michigan as it embarks on a nationwide liquidation following the bankruptcy of its parent company, American Signature Inc. All sales began on January 10, 2026, with discounts reaching up to 50% on various furniture items. As part of the closure, all sales will be final and return policies are no longer in effect. This significant shift in the retail landscape reflects ongoing challenges faced by the company, leaving consumers with fewer affordable options for home furnishings.

Value City Furniture Closes Michigan Stores Amid Nationwide Liquidation

Detroit, Michigan – Value City Furniture is conducting going-out-of-business sales at its Michigan locations as the company proceeds with liquidation. This follows the bankruptcy filing of its parent company, American Signature Inc., in November 2025. The liquidation sales began on January 10, 2026, offering discounts of up to 50% on furniture, mattresses, and home décor. All sales are final, and the company is no longer accepting returns or exchanges. Gift cards have generally not been honored since late December 2025 or early January 2026.

Details of Michigan Store Closures

The following Value City Furniture stores in Michigan are closing as part of the liquidation process:

Ann Arbor: 425 East Eisenhower Parkway
Clinton Township: 33801 Southbound Gratiot Avenue
Dearborn: 5701 Mercury Drive
Lansing: 8748 W. Saginaw Highway
New Baltimore: 50400 Gratiot Avenue
Novi: 27775 Novi Road
Portage: 550 Ring Road

Customers are encouraged to visit these locations to take advantage of the liquidation discounts while inventory lasts.

Background on the Liquidation

In November 2025, American Signature Inc. filed for Chapter 11 bankruptcy protection, initiating a court-supervised process to facilitate the sale of its assets. The company planned to close 33 underperforming stores, including seven in Michigan, while attempting to restructure the business. However, by January 2026, after no bids were received, the company announced the closure of all remaining locations under its two brands nationwide.

The liquidation sales are being managed by a joint venture of SB360 Capital Partners, Hilco Global, and Gordon Brothers. The company is winding down operations across its entire footprint, with all 89 remaining stores nationwide entering “Going Out of Business” sales beginning January 10.

Impact on Michigan Retail Landscape

The closure of Value City Furniture stores in Michigan marks a significant shift in the state’s retail landscape. The company has been a prominent furniture retailer in the region for decades, and its exit will leave a gap in the market for consumers seeking affordable home furnishings. The liquidation process is expected to be completed by spring 2026.

Frequently Asked Questions (FAQ)

Which Value City Furniture stores in Michigan are closing?

The following Value City Furniture stores in Michigan are closing: Ann Arbor (425 East Eisenhower Parkway), Clinton Township (33801 Southbound Gratiot Avenue), Dearborn (5701 Mercury Drive), Lansing (8748 W. Saginaw Highway), New Baltimore (50400 Gratiot Avenue), Novi (27775 Novi Road), and Portage (550 Ring Road).

When did the liquidation sales begin?

The liquidation sales began on January 10, 2026, offering discounts of up to 50% on furniture, mattresses, and home décor.

Are returns and exchanges accepted during the liquidation sales?

No, all sales are final, and the company is no longer accepting returns or exchanges. Gift cards have generally not been honored since late December 2025 or early January 2026.

What is the reason for the store closures?

The closures are part of a nationwide liquidation following the bankruptcy filing of American Signature Inc. in November 2025. The company filed for Chapter 11 bankruptcy protection and announced the closure of all remaining locations under its two brands nationwide.

When will the liquidation process be completed?

The liquidation process is expected to be completed by spring 2026.

Key Features of the Closure

Feature	Details
Number of Michigan Stores Closing	Seven locations: Ann Arbor, Clinton Township, Dearborn, Lansing, New Baltimore, Novi, and Portage.
Start Date of Liquidation Sales	January 10, 2026.
Discounts Offered	Up to 50% on furniture, mattresses, and home décor.
Return and Exchange Policy	All sales are final; no returns or exchanges accepted. Gift cards generally not honored since late December 2025 or early January 2026.
Reason for Closures	Part of a nationwide liquidation following the bankruptcy filing of American Signature Inc. in November 2025.
Completion of Liquidation Process	Expected by spring 2026.