Wondering when all of Art Van Furniture’s inventory will go on sale now that the local retail giant has filed for bankruptcy?
Ohio-based Value City Furniture has an answer. American Signature Inc., the parent company of Value City and American Signature Furniture, has acquired the rights to begin a total liquidation of inventory from select Art Van locations as well as inventory from its distribution centers. More than $55 million worth of merchandise has to go.
The sales events will start Thursday in the Detroit and Grand Rapids areas, as well as in St. Louis and Baltimore. Art Van was based in Warren.
Area stores are located at 2300 Telegraph Road in Bloomfield Hills, 15701 Market Drive in Dearborn, and 6500 E. 14 Mile Road in Warren. The Grand Rapids location is at 4375 28th St. SE, and the last Michigan location is at 4273 Alpine Ave. NW Suite B in Comstock Park.
Once the stores open for liquidation events on Thursday, store hours will be 11 a.m.-7 p.m. every day until inventory is gone. Delivery and financing will be available.
Brands such as Natuzzi, La-Z-Boy, Modus, Ashley, and Pallisner will be discounted. American Signature Inc. also will sell Art Van products at several of the brands’ Value City locations.
“We are very excited to offer Art Van products at incredible, once-in-a-lifetime prices,” says Pat Sanderson, COO of American Signature Inc. “This is a very unique opportunity to get high-quality products at rock bottom prices. Value like this does not come along every day, and we encourage customers to take advantage of this opportunity while supplies last.”
Value City rehired Art Van staff at each store to help assist with the sale.
“We are so happy to bring these former Art Van employees back into the stores to work with us as we liquidate these locations,” says Sanderson. “We know it’s a difficult time to be unemployed and are thrilled to support these individuals and their local communities by offering this opportunity.”
More information about the event is available here.
American Signature Inc. was founded in 1948 and has 116 stores across the U.S.
Art Van announced its closing in early March and began liquidation sales soon after. Dallas’ U.S. Assets Inc. and Love’s Furniture announced in May they would acquire the inventory and assets of 27 former Art Van Furniture, Levin Furniture, and Wolf Furniture stores in five states. The stores were slated to open this month.
For an in-depth look at Art Van’s demise, check out the July/August 2020 cover story of DBusiness magazine, on newsstands now.