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Stock impact report

Leading flooring chain declares bankruptcy, will close 11 California locations [Yahoo! Finance]

LL Flooring Holdings, Inc. (LL) 
Last ll flooring holdings, inc. earnings: 2/25 06:00 am Check Earnings Report
US:NYSE Investor Relations: investors.lumberliquidators.com
Company Research Source: Yahoo! Finance
Eleven of the 94 locations marked for closure are in California, including stores in Torrance, Rancho Cucamonga and Fresno. The company said stores being shuttered will remain open throughout the closing process. A major retailer in home improvement, LL Flooring offers customers a wide range of flooring products and advertises a seamless shopping experience and expert guidance. The company was founded in 1993 as Lumber Liquidators Holdings Inc. but changed its name in 2022. In an open letter to customers, LL Flooring said it is seeking a buyer for its remaining stores and anticipates a sale of the business will be completed by the end of September. The company said it has been marketing its business to potential buyers for more than a year. About 300 locations across the country and LL Flooring's online platform will remain open as the company continues to search for a buyer. The retailer, which is carrying nearly $110 million in long-term debt, said consumer spending on home Show less Read more
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