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Appliance World Stores Remain Closed

Greenfield, Wis. – Independent majap dealer Appliance World
appears to have closed shop.

The three-store chain, headquartered here, closed its doors
Monday without notifying customers and has remained shuttered since, according
to local news reports.

Owner Edward Aumann informed employees on Sunday that he was
closing the business and its assets were being seized by a lender, salesman
Mike Whittaker told the Milwaukee Journal Sentinel.

According to court documents retrieved by The Business
Journal, several cases were filed against Appliance World by the Wisconsin
Department of Revenue in 2010 and 2011 for delinquent taxes amounting to tens
of thousands of dollars.

Signs on the darkened stores indicated that they were closed
for inventory and would re-open on Tuesday, but local TV station Fox6 reported
that the locations were still shut as of Tuesday night.

Phone calls placed to each of the stores on Wednesday went directly
to voicemail.

The family-held business, founded in 1956, ranked 76


on TWICE’s Top 100 Major Appliance Retailers report with about $15 million in
majap sales in 2010. The company, a member of the Nationwide Marketing Group, opened
its second and third locations that year, which boosted sales 3 percent, the
TWICE report shows.