American closing, nearly 1,000 employees affected - FOX 35 News Orlando

American closing, nearly 1,000 employees affected

Posted: Updated:
(file) (file)

MADISON, Wis. (AP) - The Madison-based furniture, appliance and electronic retailer American is going out of business. The closure of its 11 locations affects nearly 1,000 employees.

American says that after 60 years in business, the company will close 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. The locations include seven in Wisconsin and two each in Illinois and Iowa.

American is filing Chapter 128 receivership to protect its creditors.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Follow Us!

Share Your Photos & Video

  • Job ShopMore>>

  • 8/27 5th Management team member (Chicago)

    8/27 5th Management team member (Chicago)

    Wednesday, August 27 2014 1:00 AM EDT2014-08-27 05:00:08 GMT
    SeamCraft International, an industrial sewing company, has been creating custom cases, covers and pouches with quality and pride since 1976. We are seeking a full-time 5th member to our Management team.
    SeamCraft International, an industrial sewing company, has been creating custom cases, covers and pouches with quality and pride since 1976. We are seeking a full-time 5th member to our Management team.
  • 8/26 Restaurant Manager (Chicago)

    8/26 Restaurant Manager (Chicago)

    Tuesday, August 26 2014 1:00 AM EDT2014-08-26 05:00:12 GMT
    Grand Lux Cafe is always looking for talented, passion-driven managers to add to our team.
    Grand Lux Cafe is always looking for talented, passion-driven managers to add to our team.
  • 8/25 Staff Accountant (Naperville)

    8/25 Staff Accountant (Naperville)

    Monday, August 25 2014 1:00 AM EDT2014-08-25 05:00:15 GMT
    Connect Hearing is looking for a proven Staff Accountant ready to advance their career to join our Finance team to drive the regional financial statement preparation and analysis process for a company that's thriving in a down economy.
    Connect Hearing is looking for a proven Staff Accountant ready to advance their career to join our Finance team to drive the regional financial statement preparation and analysis process for a company that's thriving in a down economy.
Powered by WorldNow

35 Skyline Drive
Lake Mary, FL 32746

Phone: (407) 644-3535
News Tips: (866) 55-FOX35

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices