LL Flooring Files for Bankruptcy, Shutting Down 94 Stores Nationwide

Published on August 12, 2024

LL Flooring, a specialty retailer of hard-surface flooring, has filed for bankruptcy and is looking to sell its business after facing liquidity issues. The Chapter 11 bankruptcy request was filed in the U.S. Bankruptcy Court for the District of Delaware on Sunday. The company is pursuing a “going-concern sale” of its business, indicating LL Flooring will sell the assets to a buyer while keeping intact all of the things required to continue running the enterprise. The company operates around 430 retail stores across 46 states in the United States, Holly Etlin, chief restructuring officer, said in a court filing. The business has started winding down 94 underperforming stores, with these outlets expected to be vacated by September. Store closing sales at these locations have already begun. LL Flooring said it could pursue additional store closures....

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