LL Flooring Files Bankruptcy Intending to Sell Retail Stores
- The flooring retailer was formerly named Lumber Liquidators
- It faced a series of challenges after the Covid-19 pandemic
An LL Flooring store in Beltsville, Maryland.
Photographer: Nathan Howard/BloombergThis article is for subscribers only.
LL Flooring Holdings Inc., formerly called Lumber Liquidators, has filed Chapter 11 to close several stores while attempting to sell its remaining locations.
The flooring retailer sought court protection Sunday in Delaware, carrying nearly $110 million in long-term debt. The company said it faced a series of challenges following the Covid-19 pandemic, including a drop in home sales and rising interest rates, which have contributed to a decline in consumer spending on home-improvement projects.