LL Flooring to close all Arizona stores, cease operations
Sep 7, 2024, 5:45 AM
LL Flooring is closing all 424 stores nationwide, including seven in Arizona. (Courtesy of LL Flooring)
(Courtesy of LL Flooring)
Just weeks after filing for Chapter 11 bankruptcy and announcing it would close a handful of stores in Arizona, LL Flooring says it will close all of its remaining stores and cease operations.
The Richmond, Virginia-based company, which was formerly known as Lumber Liquidators, said it was unable to find a buyer with necessary financing after discussions with multiple bidders.
The company said in a regulatory filing that it will close all of its stores nationwide. The company lists 424 stores on its website; it had previously announced the closure of 94 stores – including three in Arizona – when it filed for Chapter 11 in early August.
“Under Chapter 11 rules, the Company is required to achieve the highest or otherwise best offer for the Company’s business or assets and, in this case, it was determined that a sale of the Company’s individual assets, holding closing sales at our stores and winding down the business will deliver the most value to its creditors,” LL Flooring said in statement Wednesday.
LL Flooring (NYSE: LL) has seven stores in Arizona.
This story is posted in partnership with Phoenix Business Journal. Click to read the full story.
