LL Flooring Files for Bankruptcy, Closing 94 Stores Nationwide

The specialty flooring retailer will shut down nearly a third of its locations while seeking a sale of its remaining business.

• LL Flooring, formerly Lumber Liquidators, has filed for Chapter 11 bankruptcy to reorganize its business.
• The company will close 94 out of its approximately 300 stores across 30 states.
• LL Flooring has secured $130 million in debtor-in-possession financing to maintain operations during the bankruptcy process.
• CEO Charles Tyson stated the move provides financial flexibility and time to negotiate a sale of the business.
• The retailer cited inflation and shifting consumer spending habits as key factors in its financial struggles.

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