Popular Furniture Chain Closing 7 Michigan Locations

If you've ever wandered through Value City Furniture in Michigan, wondering how a sectional could be both "contemporary" and "on clearance since 2014," buckle up — the chain is hitting some rough financial terrain. According to Shopping Center Business, American Signature Inc., the parent company of Value City, has filed for Chapter 11 bankruptcy, and as part of the "fun," seven Michigan stores are going bye-bye.

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Michigan Stores Lose Value City Amid Bankruptcy

MLive reports that the Michigan cities getting the furniture boot include Ann Arbor, Clinton Township, Dearborn, Lansing, New Baltimore, Novi, and Portage. If that list feels a little personal...same. That's basically a tour of places where half the population has, at some point, tried to buy a sofa in the middle of a blizzard.

Let's be honest — when a furniture chain starts collapsing like an overstuffed loveseat, it's rarely because business is booming. According to industry insiders, the company has been dealing with falling demand, rising costs, and the general "people aren't buying $2,000 couches right now because they need groceries" situation.

Remaining Value City Stores in Michigan: What’s Still Open

Good news for anyone still longing for a faux-leather sectional: several stores are remaining open across the state. So if you're near places like Canton, Flint, Westland, Kentwood, or Traverse City, your browsing-aimlessly tradition is safe... for now.

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In the meantime, enjoy your time at your Value City Furniture while you can. Soon, we'll be holding a memorial service for all the homeless Ottomans in Michigan.