LL Flooring, formerly Lumber Liquidators, is going out of business and closing all of its stores

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Lumber Liquidators أخبار

LL Flooring,Closing Sales,Tom Sullivan

NEW YORK (AP) — LL Flooring, the hardwood flooring retailer formerly known as Lumber Liquidators, is going out of business.

NEW YORK — LL Flooring, the hardwood flooring retailer formerly known as Lumber Liquidators, is going out of business.it is now “winding down operations" after failing to find a buyer in recent negotiations with prospective bidders. That means all of its remaining stores will soon close their doors.

LL Flooring touted more than 400 stores earlier this year. By the time of its Chapter 11 petition, the company said it would be continuing forward with closer to 300 locations, with closing sales already beginning at 94 stores. But now, the closings will effect all remaining stores. Known for decades as Lumber Liquidators, the company officially changed its name to LL Flooring at the start of 2022 — in a move following years of turmoil. The retailer faced expansive litigation after a 2015 segment of “60 Minutes" reported that laminate flooring it was selling had illegal and dangerous levels of formaldehyde. Lumber Liquidators later said it wouldLL Flooring saw difficulty turning a profit over more recent years, with the company reporting loss after loss.

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