{"id":87986,"date":"2024-08-14T08:43:38","date_gmt":"2024-08-14T08:43:38","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/ll-flooring-files-for-bankruptcy-to-close-94-stores\/"},"modified":"2025-09-19T09:02:35","modified_gmt":"2025-09-19T09:02:35","slug":"ll-flooring-files-for-bankruptcy-to-close-94-stores","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/ll-flooring-files-for-bankruptcy-to-close-94-stores\/","title":{"rendered":"LL Flooring files for bankruptcy, to close 94 stores"},"content":{"rendered":"

LL Flooring, a specialty flooring company formerly known as Lumber Liquidators, is holding closing sales at 94 retail locations across the U.S. after it filed Sunday for Chapter 11 bankruptcy in Delaware.<\/span><\/p>\n

The company is currently in negotiations with multiple parties to sell its business, LL Flooring said in the statement.<\/p>\n

While operating under the Lumber Liquidators brand name, the company was in the spotlight after a \"60 Minutes\" report found some its flooring contained dangerous levels of formaldehyde. In 2019, it agreed to pay $33 million in fines for misleading investors about levels of the chemical in its Chinese-made laminate flooring.<\/p>\n

In announcing the bankruptcy, LL Flooring blamed \"several macroeconomic and operational challenges\" for putting a strain on its business.<\/p>\n

\"After comprehensive efforts to enhance our liquidity position in a challenging macro environment, a determination was made that initiating this Chapter 11 process is the best path forward for the company,\" LL Flooring CEO Charles Tyson said in the statement.<\/p>\n

The bankruptcy will also provide LL Flooring with the time and flexibility to close some of its stores while also pursuing the sale of the rest of the business, he added.<\/p>\n

The provider of hard and soft flooring alternatives said it is continuing to serve customers at more than 300 retail stores across the U.S. It also remains open for business online.<\/p>\n

LL Flooring said it is shuttering 94 of store locations at which it is currently hosting \"closing sales.\" The company said its financial advisors helped determine which stores it made sense to close and which to keep open. The more than 90 locations that will close their doors are still open for business in the interim, though.<\/p>","protected":false},"excerpt":{"rendered":"

LL Flooring, a specialty flooring company formerly known as Lumber Liquidators, is holding closing sales at 94 retail locations across the U.S. after it filed Sunday for Chapter 11 bankruptcy in Delaware. The company is currently in negotiations with multiple … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":96387,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716],"tags":[],"class_list":["post-87986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends"],"acf":[],"yoast_head":"\nLL Flooring files for bankruptcy, to close 94 stores - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/ll-flooring-files-for-bankruptcy-to-close-94-stores\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LL Flooring files for bankruptcy, to close 94 stores - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"LL Flooring, a specialty flooring company formerly known as Lumber Liquidators, is holding closing sales at 94 retail locations across the U.S. after it filed Sunday for Chapter 11 bankruptcy in Delaware. 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