LL Flooring to Close All 442 Stores Following Bankruptcy
The company, formerly known as Lumber Liquidators, failed to secure a buyer after filing for Chapter 11 protection.
- The closure will result in approximately 2,000 employees losing their jobs.
- Closing sales at all remaining locations will begin on September 6 and last for 12 weeks.
- LL Flooring struggled with declining sales amid high inflation and reduced consumer spending on home improvements.
- The company faced significant legal and financial challenges, including a $36 million settlement over formaldehyde levels in its products.
- Customers with existing installation orders will have them fulfilled within 30 days, but no new orders will be accepted.