Value City Furniture closing 7 Michigan stores. See which locations will close
Seven of Value City Furniture's stores in Michigan are closing after its parent company, American Signature Inc., filed for Chapter 11 bankruptcy.
According to Value City's website, five of the locations are in Metro Detroit, including Ann Arbor, Dearborn and Novi. It is unknown when the stores will close, but the company says that all of the impacted stores are on sale.
American Signature Inc. announced on Nov. 23 that it filed for bankruptcy after more than 70 years, according to a news release. In the meantime, the parent company said it will fulfill customer orders through the court process.
Prior to filing for bankruptcy, the company announced in October that it was closing four stores in the Nashville, Tennessee, area. At the time, it said the Nashville closures were "part of a broader initiative to realign its market presence and strengthen operations in its top-performing regions," according to a news release.
American Signature Inc. told USA Today on Nov. 24 that it expects "the future of our footprint to be determined by the outcome of the sale process."
Value City Furniture stores closing in Michigan
- Ann Arbor: 425 East Eisenhower Parkway
- Clinton Township: 33801 Southbound Gratiot Avenue
- Dearborn: 5701 Mercury Drive
- Lansing: 8748 W. Saginaw Highway
- New Baltimore: 50400 Gratior Avenue
- Novi: 27775 Novi Road
- Portage: 550 Ring Road