American TV & Appliance of Madison will shut down its furniture store in O'Fallon, Ill., and cut 60 jobs between Aug. 14 and 27, 2011. It has also shut down its stores in Bridgeton, Earth City, Fenton and St. Peters, Mo., with the loss of 245 jobs.
American TV & Appliance of Madison, Inc. operates as a retailer of furniture, electronics, and appliances in the United States. It offers televisions/video products, stereos, home office equipment, computers, ipads and accessories, iPod/MP3 players, iPod accessories, computer setup, monitors, printing solutions, computer accessories, telephones/fax, personal electronics, gaming products, photography/camcorders, appliance, and furniture. The company also provides manufacturer authorized repairs and installation services for appliances, camcorders, cameras, computers, furniture, and home and car stereo equipment and televisions.
Information is provided by the Plant Prospector. For more information on the product, follow this link http://bankrupt.com/periodicals/pp.html.
The Plant Prospector is a weekly e-mail service that identifies national, regional, and local plants and businesses in transition through layoffs, closings, and work force reductions. A reduction in the number of employees is an indication of a current or imminent change in the operations of an enterprise and is invaluable in identifying companies including private firms, small public companies, and subsidiaries of major corporations that are in flux. Plant Prospector is an ideal prospecting tool for firms that provide services to businesses in transition, such as temporary employment agencies and outplacement firms, and for companies whose business may be affected by change, such as suppliers, professional firms, and insurance companies.
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