BUSINESS CLOSING: American TV Shutting Down
A Wisconsin-based furniture and appliance chain, with two stores in Iowa, is closing.
American TV sent out a news release Monday saying the business, which has been in business for 60 years, will close at the completion of its going out of business sale.
The chain has 11 stores in three Midwest states and employs 989 people. The Iowa stores are in Johnston and Davenport.
The news release cites the economy and difficult conditions in the industry for the past five years as the reason for the closure.
Employees are being offered compensation and benefits through the notification period and most will continue to work through the closing process.
The going out of business sale begins Thursday, February 20th.