LL Flooring Files for Bankruptcy, Plans to Close 94 Stores

The retailer, formerly known as Lumber Liquidators, seeks a buyer while managing significant debt and reduced consumer spending.

The company filed for Chapter 11 bankruptcy in Delaware, aiming to sell its remaining locations.
94 of its over 300 stores will close but remain operational during the process.
LL Flooring has secured $130 million in financing to maintain operations during bankruptcy.
The company cites declining home improvement spending and high interest rates as contributing factors.
Founded in 1993, the retailer rebranded from Lumber Liquidators to LL Flooring in 2022.