American-furniture-going-out-of-business-sale, the store, located at 865 north ave. will be closed thursday while it preps for its going out of business sale that will start friday at 9am. american furniture says it will miss its customers,.... 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..., but court papers filed monday in dane county circuit court cited 696 american tv employees in wisconsin, along with 114 in illinois and 159 in iowa, for a total of 969 full- and part-time . employees.. the receivership petition also said the company had assets with a total net book value of $72.56 million, compared with total liabilities of $54.7 million, with the assets’ fair value — or ....
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