Peoria Public Radio News
12:31 pm
Mon February 17, 2014

American to close 11 locations

The Wisconsin-based furniture, appliance and electronic retailer, ‘American’, is going out of business. The company announced it’s closing all of its 11 locations, including a store in Peoria. The closures will impact nearly 1,000 employees.

American’s CEO says that after 60 years in business, the company will close after it completes a liquidation sale beginning Thursday.

The company’s CEO says employees have been notified and will remain employed through the closing process.

American is filing Chapter 128 receivership to protect its creditors.