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. Stores close to Galesburg are in Davenport and Peoria.
American is filing Chapter 128 receivership to protect its creditors.
(Associated Press/WGIL News)