Overview
- Going‑out‑of‑business sales are underway at all remaining locations, with stores closing as inventory runs out and all sales final while gift cards are not accepted.
- The company’s press materials cite 89 stores closing, but the store locator lists 94 sites with liquidation sales, so shoppers should confirm local status.
- Customers with deposits are being told refunds are not available now; the company will try to fulfill in‑stock orders, and otherwise customers must file bankruptcy claims or request credit‑card chargebacks.
- American Signature’s collapse followed steep deterioration, including an estimated $150 million sales decline from 2024 to 2025 and a $52 million increase in net operating loss, despite securing $50 million in debtor financing.
- More than 3,000 employees were on staff at the time of the bankruptcy filing, and the liquidation is being overseen by Gordon Brothers with advisors Hilco Global and SB360 Capital Partners.