LL Flooring, formerly Lumber Liquidators, is going out of business and closing all of its stores

Source: Associated Press

LL Flooring, formerly Lumber Liquidators, is going out of business and closing all of its stores

By WYATTE GRANTHAM-PHILIPS
Updated 11:26 AM EDT, September 6, 2024

NEW YORK (AP) — LL Flooring, the hardwood flooring retailer formerly known as Lumber Liquidators, is going out of business.

Less than a month after filing for Chapter 11 bankruptcy protection, the Virginia-based company says it is now “winding down operations” after failing to find a buyer in recent negotiations with prospective bidders. That means all of its remaining stores will soon close their doors.

LL Flooring expected to begin to begin the process this week, with closing sales at hundreds of stores slated to start Friday. The retailer says store closures should be completed over the next 12 weeks, with timing varying by location.

“This is not the outcome that any of us had hoped for,” LL Flooring CEO Charles Tyson wrote in a letter to customers. “As we begin to wind down operations and close our stores, we are committed to doing so as smoothly as possible to minimize the impact on you, our associates and the communities we serve.”

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Read more: https://apnews.com/article/ll-flooring-bankruptcy-stores-close-e719082b023e13f150a2ff0fc363d121