LL Flooring files for bankruptcy with plans to close 94 stores

Quick Summary:

The company is pursuing a sale of its business and said it has a commitment for $130 million in debtor-in-possession financing from existing lenders.

The company in 2022 rebranded to LL Flooring.

This week, the retailer filed for Chapter 11 bankruptcy and said it plans to close nearly 100 stores but keep about 300 locations open as it restructures following financial troubles.

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Article Details

Author / Journalist: Nate Delesline III

Category: EconomyBusiness

Markets: United StatesChina

Topics: Company’s Liquidators Financial Levels Lumber Court Flooring Etlin Retailer Documents Company

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-12 @ 13:34:00 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 493 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 22041621

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News Last Updated: 15 hours ago

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