LL Flooring Files for Bankruptcy, Closing 94 Stores Across the U.S.
Introduction
LL Flooring, formerly known as Lumber Liquidators, has filed for Chapter 11 bankruptcy protection in Delaware. As a result, the company is planning to close 94 of its retail stores across the United States. Despite the bankruptcy filing, LL Flooring is in talks with potential buyers to sell its business.
Reasons for Bankruptcy
The company cited “a number of macroeconomic and operational challenges” as the primary reasons for its decision to file for bankruptcy. By initiating the Chapter 11 process, LL Flooring aims to strengthen its liquidity position and navigate the challenging business environment. CEO Charles Tyson stated that bankruptcy would provide the company with the necessary time and flexibility to reorganize its operations.
Store Closures by State
Here is a list of LL Flooring stores that will be closing by state:
Arizona
- Mesa, Arizona
- Phoenix, Arizona
- Prescott Valley, Arizona
California
- Bakersfield, California
- Burlingame, California
- Elk Grove, California
- Fairfield, California
- Fresno, California
- Rancho Cucamonga, California
- Salinas, California
- South San Diego, California
- Santee, California
- Torrance, California
- Visalia, California
… (continue listing stores by state)
Conclusion
In conclusion, LL Flooring’s decision to file for bankruptcy and close several stores is a strategic move to restructure its business and navigate through challenging times. While the company confronts operational and economic challenges, it remains committed to serving its customers through its online presence and remaining retail locations.
