LL Flooring Files for Bankruptcy: Closing 94 Stores Across the U.S.
LL Flooring, formerly known as Lumber Liquidators, has filed for Chapter 11 bankruptcy protection. The company is currently in the process of closing 94 retail stores across the United States and is exploring options to sell its business.
Reasons for Bankruptcy and Closure of Stores
The decision to file for bankruptcy was influenced by several macroeconomic and operational challenges faced by LL Flooring. CEO Charles Tyson stated that the Chapter 11 process would allow the company to restructure and optimize its operations.
LL Flooring plans to serve customers through its remaining 300 retail stores and online presence, while closing 94 stores that are currently hosting clearance sales. Financial advisors are assisting in the closure process to determine which stores will be shut down.
List of LL Flooring Stores Closing by State
Alabama
Arizona
- Mesa, Arizona
- Phoenix, Arizona
- Prescott Valley, Arizona
In conclusion, the bankruptcy filing by LL Flooring and the subsequent closure of stores reflect the challenges faced by the company. However, by restructuring and focusing on its core business, LL Flooring aims to overcome these difficulties and continue serving its customers.
