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American Signature & Value City Furniture File for Bankruptcy
American Signature, along with Value City Furniture, files for Chapter Eleven bankruptcy due to declining sales, attributed to a weak housing market and economic challenges. The company cites inflation, increased costs, and decreased consumer demand for home furnishings. Stores and websites remain open, with gift cards and returns expiring in December. Liquidation and store-closing sales are expected through January, with potential store closures in Illinois, Indiana, and Michigan.
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Published on 1 week, 2 days ago