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LL Flooring Joins the Wave of Retail Liquidations: Closing 400+ Stores Amid Bankrupt
LL Flooring, formerly known as Lumber Liquidators, is closing all 430 of its retail stores after failing to secure a buyer during its Chapter 11 bankruptcy process. The flooring retailer is the latest in a growing list of companies forced to shut down due to changing market conditions, rising competition, and the lingering effects of the COVID-19 pandemic.
The company’s financial struggles began after the pandemic-fueled home improvement boom fizzled out. In addition to store closures, LL Flooring is liquidating a large distribution center in Virginia. With over 3 million square feet of retail space soon to be available, the closure marks a significant shift in the retail landscape.
The company, which rebranded in 2022 to distance itself from past legal controversies, including a 2015 class-action lawsuit over unsafe laminate flooring, ultimately could not overcome its financial hurdles.
