Columbus, Ohio-based American Signature Furniture, a home furnishings retailer and parent company of Value City Furniture, has recently filed for bankruptcy and announced plans to close its Columbus headquarters.
The closure will impact 326 employees, with separations scheduled on January 20, 2026.
According to a company statement, "The mass layoff will occur at the Company’s facility located at 4300 East Fifth Avenue, Columbus, Ohio 43219, due to a significant decline in sales, resulting in liquidity challenges, and the Company’s anticipated Chapter 11 bankruptcy filing. To mitigate or avoid the layoff, the Company took cost-reduction steps and explored financing options to stabilize the business, but these efforts were ultimately insufficient to prevent the layoff.
In this mass layoff, the Company expects to lay off 326 employees. Of this number, approximately 256 employees are Ohio residents. The remaining employees reside in other states.
Change is constant, and it's coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life, nor promises of a bright future. We see good people being laid off through no fault of their own. Just because something terrible hasn't happened yet doesn't mean it won't. It can happen to anyone, at any time, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?