Posted on 09/05/2024 11:18:25 AM PDT by DFG
LL Flooring - previously known as Lumber Liquidators - is shutting all its stores after going out of business after three decades.
The retailer, one of America's biggest flooring suppliers, was looking for a buyer after filing for bankruptcy.
Earlier in the summer it had 442 stores, but shut nearly 100 as it looked to cut costs and woo investors. No buyer could be found.
In a letter to customers yesterday, bosses said: 'It is with a heavy heart that we must let you know that we are going to begin the process of winding down the business and closing all of our stores.'
LL Flooring will now sell off stock in closing down sales at its remaining shops. These begin tomorrow and will around 12 weeks. Around 2,000 will lose their jobs.
All existing orders will be fulfilled in 30 days - including those who are waiting for installation. But it will no longer offer installation for anyone who buys flooring in the clearance sale.
The retailer, which specializes in hardwood flooring, has faced falling sales over the past year as families cut back on remodelling their homes.
It is not the only home improvement and furniture chain to be affected. Appliances retailer Conn's HomePlus is closing all its 170-plus stores stores.
Meanwhile, Badcock Home Furniture & More said in July it is shutting all 380 stores. The 120-year-old retailer was based throughout the southern US.
(Excerpt) Read more at dailymail.co.uk ...
Have bought stuff from them more than twice over the years. Self install.
This is at least the 2nd time they’ve gone under. Too bad. They had really good prices.
“They had really good prices.”
Of course they do. Their “lumber” is made-in-China crap.
Lumber Liquidators is liquidating.
Good deals for DIYers.
I think I found their problem.
LL sells junk from china.
Read the headline and thought Home Depot was going out of business. Read more carefully. and thought, “Oh no, either Lowes or Menards is closing down. Never thought of Lumber Liquidators.
Where’s the FTC? Why aren’t they coming to the rescue, claiming Home Depot and Lowes together represent a monopoly/duopoly deliberately cutting the effectiveness of LL Flooring to compete??? /sarc
Do not use LL laminate flooring, it is garbage and will warp even if you follow their installation instructions. Since the huge class action suit settled, I have not seen any tests regarding the formaldehyde used in the manufacture of it either.
This economy is just totally on fire...
I shouldn’t say that, but it’s my take on what’s going on.
LL could have run a poor business plan. I can’t say.
Not all their flooring came from China.
Almost all the HARDWOOD flooring was manufactured in the USA.
The Bamboo flooring came from CHINA.
FYI, my company sold them Eastern White Pine flooring. We did not get paid for the last load we shipped them.
I want to buy the rights to the name LL Flooring! It will stand for Larry Lucido Flooring. It will rival Kramerica and Pennypacker Industries! I’ll sell materials that will allow folks to dispense with furniture and turn their living space into levels.
Or, I can partner with Laz and make it Laz and Larry Flooring. Our motto: Hit us up. You’ll be floored!
Biden/Harris build back better bidenomics
Bummer!
You’d think they would have a floor under that. /rimshot
Bidenonomics rolling on.
They are paying people to put “Going Out Of Business “ signs on their cars and drive around town.
Good to know, especially considering they installed a lot of oak flooring for me last year.
I wouldn't buy their crap. Got cheated by them once with substandard wood, that didn't meet promises.
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