American flooring company LL Flooring announced it will be closing its stores, with closing sales starting on Friday, Sept. 6.
Since opening its doors in 1993, LL Flooring has operated more than 400 stores across 47 states, specializing in bamboo, cork, hardwood, laminate, tile and waterproof vinyl flooring, the company’s website says.
The announcement comes almost a month after LL Flooring filed for bankruptcy. The retailer filed for Chapter 11 after the company "spent several months" trying to resolve liquidity concerns and refinance debt obligations, according to court documents filed in the U.S. Bankruptcy Court in Delaware.
“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,” Charles Tyson, LL Flooring’s chief executive officer, said in a letter to customers.
“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.”
Closing sales begin Friday, the retailer’s website said, and the company expects to close all stores within 12 weeks.
'A great day for Red Lobster':Company exiting bankruptcy, will operate 544 locations
The company has more than 400 store locations across the United States. Here is a list of the states that have a LL Flooring store:
LL Flooring, formerly known as Lumber Liquidators, started from humble beginnings, the company says, launching "out of a pickup truck" in Stoughton, Massachusetts, about 21 miles south of Boston.
The company changed its name to LL Flooring in 2020 after stock prices fell, Floor Covering Weekly reported.
A 2015 investigation by CBS' "60 Minutes" revealed the company's products contained high levels of formaldehyde, a known cancer-causing chemical.
Ahjané Forbes is a reporter on the National Trending Team at USA TODAY. Ahjané covers breaking news, car recalls, crime, health, lottery and public policy stories. Email her at [email protected]. Follow her on Instagram, Threads and X (Twitter) @forbesfineest.
2024-12-25 22:36600 view
2024-12-25 22:041062 view
2024-12-25 21:001729 view
2024-12-25 20:44881 view
2024-12-25 20:291720 view
2024-12-25 20:141374 view
Beyoncé is making a major donation to a criminal justice clinic days after husband Jay-Z was accuse
Washington — A trio of senators on Sunday released a bipartisan immigration agreement with the White
When it comes to fashion, Megan Fox is quite the transformer. And while she's certainly delivered ja