The furniture retail sector has suffered from economic distress in the last year with major home furnishing companies closing stores and filing for bankruptcy protection.
Companies that have filed for bankruptcy include AFC Acquisition Corp., owner of Albuquerque-based furniture chain American Home Furniture & Mattress, which filed for Chapter 11 bankruptcy to reorganize its business, close certain stores, and continue operating on March 4.
American Signature Inc., which operated Value City and American Signature Furniture chains, filed for bankruptcy in November 2025 and began liquidating its 89 stores in January 2026.
The furniture industry has cited declining sales, as a result of a multi-year housing slump, and rising…