LL Flooring (previously known as Lumber Liquidators) has announced the company will be closing all of its stores. The news comes after LL Flooring filed for Chapter 11 in Bankruptcy Court last month.
In a letter to customers, Charles Tyson, CEO of LL Flooring, stated: “We are writing with some news regarding our business and Chapter 11 process. As we shared on August 11, 2024, we have been working hard to pursue a going-concern sale of LL Flooring. We have actively negotiated with multiple bidders, but these discussions have not resulted in an offer, with the necessary financing, that would maximize the value of LL Flooring. As a result, it is with a heavy heart that we must let you know that we are going to begin the process of winding down LL Flooring’s business and closing all of our stores.”
Tyson noted that LL Flooring stores and websites will remain open and operating for the time being. Closing sales are set to begin at stores on September 6, with closing sales taking place over the course of around three months, though the exact store closures will vary.
He added: “We sincerely appreciate the loyalty of our customers over the last three decades, and as we begin to wind down operations and close our stores, we are committed to doing so as smoothly as possible to minimize the impact on you, our associates and the communities we serve.”
LL Flooring was founded in 1993 and had 400 stores across the United States.