After declaring bankruptcy, national chain closing multiple Ohio stores

Two Ohio Value City Furniture stores are officially closing, but none of the Columbus-area locations are affected as of now.

According to American Signature Inc.’s own bankruptcy disclosures, posted through the company’s restructuring website created after its November 22 Chapter 11 filing, ASI is in the process of liquidating dozens of underperforming stores nationwide.

Those documents, along with property auction notices from A&G Real Estate Partners, confirm that the Centerville location at 2070 Miamisburg-Centerville Road and the Cincinnati location at 650 Eastgate Dr. S. are among the stores shutting down in the coming weeks. Both properties are being auctioned as part of a larger sell-off of 23 sites across multiple states.

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These closures are just one part of ASI’s ongoing restructuring. Court filings show the company plans to auction the entire business in January, with a starting bid of $147.8 million, while continuing operations under debtor-in-possession financing. At least 33 stores nationwide are currently in going-out-of-business sales, with others potentially following depending on the outcome of the bankruptcy proceedings.

As of now, though, Columbus stores are not on the closure list. Value City Furniture still operates five retail locations and a pickup center across Central Ohio, and none of them appear in ASI’s official closure filings or in the A&G auction roster.

As 614NOW reported earlier this year, American Signature – which started in the basement of the Schottenstein family’s original Columbus department store in the 1930s – plans to close its Columbus headquarters and eliminate 256 Ohio jobs as part of the restructuring.

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