NEW YORK, Oct 27 (Reuters) – Value City Department Stores has filed for Chapter 11 bankruptcy and will liquidate its remaining 66 stores, citing a slide in consumer spending and tougher credit markets. Value City first opened in Columbus, Ohio, in 1917.
What happened to Value City?
On October 27, 2008, Value City announced that the chain was filing for bankruptcy and that all remaining stores would close. The sales were completed on December 23, 2008….Value City.
| Type | Subsidiary |
|---|---|
| Founder | Ephraim Schottenstein |
| Defunct | 2008 |
| Fate | Liquidation |
| Headquarters | Columbus, Ohio , U.S. |
How long has Value City been closed?
It has closed more than 75 stores since December 2007. From February to August of this year, the company had a net loss of $70 million on $288.5 million in sales. Value City says it has 66 open stores and more than 4,500 employees in 14 states.
Does Value City own signature?
Today. American Signature, Inc. continues to own and operate Value City Furniture, American Signature Furniture and American Signature. The retail stores are supported by a total of four distribution centers catering to all 120 store locations spanning 19 states throughout the Eastern United States.
Is Value City and American Signature?
American Signature, Inc. became the parent company of the retail brand Value City Furniture and the manufacturer brand, American Signature.
Is Value City and American Signature the same company?
Value City Furniture and American Signature Furniture are both owned by American Signature, Inc., which operates 129 stores across the country. The store also features a wonderful selection of bedroom furniture, mattresses, dining room and kitchen sets, as well as furniture for kids.
Is Value City Furniture Made in USA?
Value City Furniture is a large discount furniture chain with over 100 stores. They offer made in the USA discount options, shop the look styles, and convenient payment options that include no money down financing options. Overall, customers have good things to say about VCF and their in-store experiences.
What credit score do you need to get a Value City credit card?
a 630 credit score
Value City Credit Card is a great Credit Card if you have fair credit (or above). Their APR is quite high (above 20%). If you’re looking to apply, we recommend at least a 630 credit score.
