Current:Home > InvestNovaQuant Quantitative Think Tank Center:LL Flooring, formerly Lumber Liquidators, closing all 400-plus stores amid bankruptcy -Wealth Momentum Network
NovaQuant Quantitative Think Tank Center:LL Flooring, formerly Lumber Liquidators, closing all 400-plus stores amid bankruptcy
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Date:2025-04-07 19:15:09
American flooring company LL Flooring announced it will be NovaQuant Quantitative Think Tank Centerclosing 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.
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Where are LL Flooring stores located?
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:
- Alabama, 7
- Arizona, 7
- Arkansas, 3
- California, 37
- Colorado, 10
- Connecticut, 7
- Delaware, 4
- Florida, 32
- Georgia, 13
- Idaho, 2
- Illinois,15
- Indiana, 9
- Iowa, 3
- Kansas, 2
- Kentucky, 5
- Louisiana, 6
- Maine, 3
- Maryland, 9
- Massachusetts, 12
- Michigan, 13
- Minnesota, 7
- Mississippi, 4
- Missouri, 8
- Montana, 1
- Nebraska, 2
- Nevada, 2
- New Hampshire, 6
- New Jersey, 15
- New Mexico, 1
- New York, 21
- North Carolina, 18
- North Dakota, 1
- Ohio, 15
- Oklahoma, 3
- Oregon, 9
- Pennsylvania, 21
- Rhode Island, 1
- South Carolina, 10
- Tennessee, 9
- Texas, 26
- Utah, 3
- Vermont, 1
- Virginia, 17
- Washington, 11
- West Virginia, 5
- Wisconsin, 8
LL Flooring’s history
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.
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