Overview

• 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.