LL Flooring files for bankruptcy, 94 stores to close
(Gray News) - LL Flooring, formerly known as Lumber Liquidators, has started Chapter 11 bankruptcy proceedings and is closing 94 stores, the company announced Sunday.
The Richmond, Virginia-based flooring company is also seeking to be sold.
LL Flooring, which filed its bankruptcy proceedings in the United States Bankruptcy Court for the District of Delaware, said it “remains in active negotiations with multiple bidders and hopes to seek Bankruptcy Court approval of a sale of its business in the first few weeks of the Chapter 11 proceedings.”
LL Flooring said it expects to continue business as normal during the transition. It has more than 300 stores that will remain in business nationwide, along with its online platform.
The company said in a note to customers that it will not be accepting gift cards after Sept. 3.
After a pandemic-related boom, home improvement companies are facing economic headwinds as customers rein in spending.
“After comprehensive efforts to enhance our liquidity position in a challenging macro environment, a determination was made that initiating this Chapter 11 process is the best path forward for the Company. Today’s step is intended to provide LL Flooring with additional time and financial flexibility as we reduce our physical footprint and close certain stores while pursuing a going-concern sale of the rest of our business,” said Charles Tyson, president and CEO. “As we move through this process, we are committed to continuing to serve our valued customers, and to working seamlessly with our vendors and partners. I am appreciative of our associates for their ongoing hard work in providing the best experience for our customers.”
LL Flooring lists stores to be closed
The following stores are listed as closing and are holding sales:
- Alabama: Tuscaloosa
- Arizona: Mesa, Phoenix and Prescott Valley
- California: Bakersfield, Burlingame, Elk Grove, Fairfield, Fresno, Rancho Cucamonga, Salinas, S. San Diego, Santee, Torrance, and Visalia
- Colorado: Longmont, Loveland and Thornton
- Connecticut: Milford, North Haven, Norwalk and Waterbury
- Florida: Clearwater, Florida City, Gainesville, St. Augustine and Tampa
- Georgia: Cumming and Roswell
- Illinois: Bloomington, Champaign, Crystal Lake, E. Peoria, Geneva, Mundelein and South Elgin
- Indiana: Greenwood, Lafayette and Muncie
- Iowa: Davenport
- Louisiana: Broussard and Lake Charles
- Massachusetts: Framingham and Leominster
- Maryland: Edgewood and Lutherville
- Michigan: Battle Creek and Kentwood
- Minnesota: Chanhassen, Rochester and St. Cloud
- Mississippi: Hattiesburg
- Missouri: Chesterfield, Joplin and N. Kansas City
- Nevada: Las Vegas
- New Jersey: Mount Holly, Woodbridge and Woodbury
- New York: Medford, New Hartford, Staten Island and Westbury
- North Carolina: Burlington
- Ohio: SE Cincinnati, W. Columbus, Reynoldsburg and Solon
- Oregon: Albany
- Pennsylvania: Exton, Fairless Hills and Philadelphia
- Tennessee: Clarksville, Franklin and Jackson
- Texas: Abilene, Arlington, College Station, Denton, Fort Worth, Houston Galleria, Katy, Killeen, McAllen, S. San Antonio and Sherman
- Utah: Riverdale
- Virginia: Woodbridge
- Washington: Bellingham, Olympia and Yakima
- West Virginia: Beckley and Parkersburg
- Wisconsin: Menomonee Falls
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