LL Flooring Mulls Bankruptcy Filing as Home Renovations Slow (1)

LL Flooring Holdings Inc. is considering filing for Chapter 11 bankruptcy, according to people with knowledge of the matter, who asked not to be named discussing private deliberations.

The flooring retailer, formerly known as Lumber Liquidators, has struggled as higher interest rates curtail home renovation activity. Filing for bankruptcy could help it cope with dwindling access to cash and slumping sales.

LL Flooring may seek protection from creditors in the coming weeks, a person with knowledge of the matter said. The plans aren’t final and could change.

An LL Flooring store in Beltsville, Maryland, US, on Monday, Aug. 21, 2023.

Photographer: Nathan Howard/Bloomberg

LL Flooring shares fell as much as 31% to about 92 cents ...