LL Flooring Mulls Bankruptcy Filing as Home Renovations Slow
- Company warned it may run low on cash in the third quarter
- High interest rates have dragged down home sales, renovations
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LL Flooring Holdings Inc. is considering filing for Chapter 11 bankruptcy, according to people with knowledge of the matter, who asked not to be named discussing private deliberations.
The flooring retailer, formerly known as Lumber Liquidators, has struggled as higher interest rates curtail home renovation activity. Filing for bankruptcy could help it cope with dwindling access to cash and slumping sales.