LL Flooring files bankruptcy, will close 94 stores. Here's where they are.-VaTradeCoin

LL Flooring files bankruptcy, will close 94 stores. Here's where they are.

2024-12-24 07:57:14 source： category：Stocks

LL Flooring has announced that it will close 94 stores in more than 30 states as it filed for chapter 11 bankruptcy.

The company, formerly known as Lumber Liquidators, said that it is nearly $110 million in long-term debt in filings made in Delaware bankruptcy court on Sunday.

The Richmond, Virginia-based company said in the filings that slowing home sales and rising interest rates contributed to slower sales in the home improvement market. The company's 300 other stores will remain open.

LL Flooring said it will stop accepting gift cards at all of its locations, including the ones that aren't shuttering, on Sept. 4 as a part of the bankruptcy process, and that gift cards cannot be exchanged for cash. The company said in the filings that it has approximately $131 million in outstanding gift cards.

LL Flooring said in the filings that it has attempted to find a buyer but is willing to solicit offers to close more stores if one cannot be found.

"The company is engaged in discussions with potential buyers of the company, and this process will allow us to evaluate binding bids through a court-supervised process in order to maximize value for all of our stakeholders," LL Flooring wrote in a letter to its customers. "While this could change, the company currently anticipates closing a sale of the business by end of September if a buyer is identified."

The company said that it has garnered $130 million in Chapter 11 financing, funded through existing lenders led by Bank of America.

Where is LL Flooring closing

To see the stores closing in your area, click on the state name to go directly to the state or scroll through the list below

Alabama

Tuscaloosa - 3305 McFarland Blvd. E

Arizona

Mesa -1845 S. Power Rd
Phoenix - 2120 S. 7th St.
Prescott Valley - 6889 E. 1st St.

California

Bakersfield - 3601 Ming Ave.
Burlingame - 1501 Adrian Rd.
Elk Grove - 877 Elk Grove Blvd.
Fairfield - 1595 Holiday Ln.
Fresno - 5091 N. Fresno St.
Rancho Cucamonga - 10920 Foothill Blvd.
Salinas - 1043 N. Main St.
San Diego - 2222 Verus St.
Santee - 240 Town Center Pkwy.
Torrance - 1431 W. Knox St.
Visalia - 3275 S. Mooney Blvd.

Colorado

Longmont - 633 Frontage Rd.
Loveland - 2985 N. Garfield Ave.
Thornton - 930 E. 104th Ave.

Connecticut

Milford - 1389 Boston Post Rd.
North Haven - 430 Universal Dr. North
Norwalk - 651 Connecticut Ave.
Waterbury - 1012 Wolcott St.

Florida

Clearwater Showroom - 2613 Gulf to Bay Blvd.
Florida City - 33550 S. Dixie Highway
Gainsville - 2607 NW 13th St.
St. Augustine - 330 CBL Dr.
Tampa - 8444 W. Hillsborough Ave.

Georgia

Cumming - 580 Atlanta Rd.
Roswell - 593 Holcomb Bridge Rd.

Illinois

Bloomington - 1701 E. Empire St.
Champaign - 301 W. Marketview Dr.
Crystal Lake - 4500 W. Northwest Highway
Peoria - 1467 N. Main St.
Geneva - 1530 S. Randall Rd.
Mundelein - 3080 W. Route 60
South Elgin - 356 Randall Rd.

Indiana

Greenwood - 2117 Independence Dr.
Lafayette - 4315 Commerce Dr.
Muncie - 1515 W. McGalliard Rd.

Iowa

Davenport - 321 W. Kimberly Rd.

Louisiana

Broussard - 3401 U.S. 90
Lake Charles - 3415 Derek Dr.

Massachusetts

Framingham - 235 Old Connecticut Pass
Leominster - 110 Water Tower Plaza

Maryland

Edgewood - 2710 Pulaski Highway
Lutherville - 2151 York Rd.

Michigan

Battle Creek - 5700 Beckley Rd.
Kentwood - 4260 28th St. SE

Minnesota

Chanhassen - 2973 Water Tower Pl.
Rochester - 5139 Highway 52 N.
St. Cloud - 3324 Division St. W.

Mississippi

Hattiesburg - 4700 Hardy St.

Missouri

Chesterfield - 17724 Chesterfield Airport Rd.
Joplin - 732 S. Range Line Rd.
Kansas City - 2618 NE Vivion Rd.

Nevada

Las Vegas - 4588 N. Rancho Rd.

New Jersey

Mount Holly - 531 High St.
Woodbridge - 507 King George's Rd.
Woodbury - 1450 Clements Bridge Rd.

New York

Medford - 700 E. Patchogue Yaphank Rd.
New Hartford - 8619 Clinton St.
Staten Island - 2040 Forest Ave.
Westbury - 24 Kinkel St.

North Carolina

Burlington - 1809 S. Church St.

Ohio

Cincinnati - 454 Ohio Pike
Columbus - 4242 W. Broad St.
Reynoldsburg - 2736 Brice Rd.
Solon - 6025 Kruse Dr.

Oregon

Albany - 1241 SE Clay St.

Pennsylvania

Exton - 213 W. Lincoln Highway
Fairless Hills - 150 Lincoln Highway
Philadelphia - 1530 S. Columbus Blvd.

Tennessee

Clarksville - 115 Terminal Rd.
Franklin - 209 S. Royal Oaks Blvd.
Jackson - 1245 Vann Dr.

Texas

Abilene - 4127 S. Danville Dr.
Arlington - 808 Interstate 20
College Station - 1140 Harvey Rd.
Denton - 2311 Colorado Blvd.
Fort Worth - 425 Sherry Ln.
Houston - 8366 Westheimer Rd.
Katy - 620 Katy Ft Bend Rd.
Killeen - 1101 S. Fort Hood St.
McAllen - 3300 W. Expressway 83
San Antonio - 3142 SE Military Dr.
Sherman - 1215 S. Sam Rayburn Freeway

Utah

Riverdale - 4040 Riverdale Rd.

Virginia

Woodbridge - 14516 Potomac Mills Rd.

Washington

Bellingham - 145 E. Stewart Rd.
Olympia - 1520 Cooper Point Rd. SW
Yakima - 2319 S. 1st St.

West Virginia

Beckley - 1020 N. Eisenhower Dr.
Parkersburg - 2838 Pike St.

Wisconsin

Menomonee Falls - N81W15180 Appleton Ave.

Former Lumber Liquidators latest retailer closing stores

LL Flooring is the latest in a string of retailers shutting down.

Big box discount store Big Lots announced this month that it may close up to 315 stores in a Securities and Exchange Commission filing.

Big Lots marked some stores as closing on the affected location's info page. The company did not release a list of stores it intended to close.

The Columbus Dispatch − a part of the USA TODAY Network − reported that the Columbus-based retailer had listed 293 locations as "closing soon"

"In 2024, the U.S. economy has continued to face macroeconomic challenges including elevated inflation, which has adversely impacted the buying power of our customers,” Big Lots said in the filing.

The company reported that sales in the first quarter of 2024, which ended in May, fell more than 10% compared to the previous year.