MADISON, Wis. (AP) — A
Wisconsin-based furniture, appliance and electronic retail chain with stores in
two other states is going out of business.
American TV & Appliance of Madison, Inc. says that after 60 years in
business, the company will close it's 11 locations, terminating the jobs of
nearly 1,000 people. The locations include two stores each in Illinois and Iowa
and five stores, corporate offices and distribution center in Wisconsin. American says it will close its door after it
completes a liquidation sale beginning Feb. 20. American CEO Doug Reuhl says
although it's a "sad moment," it's also time to recognize dedicated
employees and loyal customers. Reuhl
says American's 989 employees have been notified and will remain employed
through the closing process. American is filing Chapter 128 receivership to
protect its creditors.
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