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  • 102.5 The Bone

    LL Flooring to close 94 stores, files for bankruptcy

    By Natalie Dreier, Cox Media Group National Content Desk,

    4 hours ago
    https://img.particlenews.com/image.php?url=2vYoKP_0uwg7Lo600

    LL Flooring, formerly known as Lumber Liquidators, has filed for bankruptcy and will close 94 stores in 30 states.

    The company filed the paperwork in Delaware bankruptcy court on Sunday, USA Today reported, saying it has almost $10 million in debt.

    The legal filing cited slow home sales and rising interest rates after the COVID-19 pandemic as affecting the company’s sales, Bloomberg reported.

    As part of the bankruptcy plan, LL Flooring will stop accepting gift cards at all locations, no matter if they are closing or staying open, starting on Sept. 4. The company says it has about $131 million in outstanding gift cards.

    Here are the list of stores that are closing by state:

    Alabama

    Arizona

    California

    Colorado

    Connecticut

    Florida

    • Clearwater (Showroom)

    Georgia

    Illinois

    Indiana

    Iowa

    Louisiana

    Massachusetts

    Maryland

    Michigan

    Minnesota

    Mississippi

    Missouri

    Nevada

    New Jersey

    New York

    North Carolina

    Ohio

    Oregon

    Pennsylvania

    Texas

    Utah

    Virginia

    Washington

    West Virginia

    Wisconsin

    While it is closing 94 stores, the other 300 locations will remain open for now. More stores may close if a buyer is not found, USA Today reported.

    © 2024 Cox Media Group

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