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with bidders. However, on
September 9, 2024, the company reached a last-minute agreement with F9 Investments, a private-equity firm led by the company's founder, Thomas Sullivan. The company expects to receive court approval by the end of September 2024. LL Flooring plans to keep 219 of its stores
472:
On
October 22, 2015, Lumber Liquidators pleaded guilty in federal court to the illegal importation of hardwood flooring. In February 2016, a federal judge sentenced the company to $ 13.15 million in penalties, consisting of $ 7.8 million in criminal fines, $ 3.15 million in civil forfeiture, $ 1
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within the coming weeks due to slow sales and a high decline in home renovation, as the company warns it may run out of money within the third quarter. As a result, the company's stock fell nearly 20% to around 92 cents per share. On August 11, 2024, LL Flooring filed for
Chapter 11 bankruptcy
465:
On June 16, 2015, Lumber
Liquidators announced the "unexpected" resignation of its CEO, Robert Lynch. It also announced the termination of its Chief Merchandising Officer, William Schlegel. It also declared it would discontinue the sale of laminate flooring products manufactured in China.
299:) is an American retailer of hard-surface flooring including hardwood flooring, laminate flooring, vinyl plank flooring, tile flooring, bamboo flooring and cork flooring, as well as flooring tools and accessories. The company filed for Chapter 11 bankruptcy on August 11, 2024.
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The company has grown to be one of the largest retailers of hardwood flooring in the United States. It expanded to more than 375 Lumber
Liquidators stores with over 1,000 employees in 47 states and Canada. It also launched online e-commerce, catalogs, and its
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open while closing the remaining stores. F9 Investments received court approval to acquire the company on
September 16. F9 Investments plans to discontinue the LL Flooring name and revert back to the Lumber Liquidators name.
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Lumber
Liquidators Flooring was started in 1994 by Tom Sullivan, a building contractor who began purchasing excess wood from other companies. He then resold the wood from the back of a trucking firm's yard in
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Further investigation led to the conviction of a
Russian supplier in 2014. Shortly after the conviction Lumber Liquidators lost about 20% in stock value for potential violation of the
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In April 2020, the company publicly rebranded itself, changing its name to LL Flooring. The corporate entity name was changed to LL Flooring
Holdings, Inc. effective January 1, 2022.
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Lumber
Liquidators Ceases Sale of Chinese Laminate Flooring and CEO Resigns, Gilman Law LLP Reports," Lumber Liquidators News Release, Businesswire, June 16, 2015
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revealed that Lumber Liquidators' indiscriminate and poor sourcing practices resulted in the destruction of critically endangered tiger habitats and forests.
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On September 3, 2024, LL Flooring announced that it would shut down its operations and close all 424 locations nationwide after being unable to come to a
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that it was selling. A number of class action lawsuits were brought on by customers, due to the formaldehyde issue and other customer service issues.
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million in criminal forfeiture, and $ 1.2 million to conservation organizations. It was the largest financial penalty ever issued for violating the
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522:"Lumber Liquidators Announces Charles E. Tyson As President And Chief Executive Officer And Reports First Quarter 2020 Financial Results"
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The company's founder, Tom Sullivan, served as interim CEO following the resignation and was replaced in November 2015 by John Presley.
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904:"Lumber Liquidators pleads guilty to environmental crimes, agrees to pay more than $ 13M," by Everett Rosenfeld, CNBC, October 22, 2015
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protection in Delaware. The company plans to pursue a sale of all of its assets and will close 94 locations as part of the sale.
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340:, and sold 150 square feet of floors on the first day. By August of that year, they opened up a second store in
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The company expanded into Canada in the fourth quarter of 2010. The expansion plan was to add 36 to 40 stores.
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380:. In 2019 the company announced it would be moving the corporate offices from Toano to Richmond VA.
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Lumber Liquidators shares spike as critics back off," by Everett Rosenfeld, CNBC, December 14, 2015
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Lumber Liquidators stock pummeled after '60 Minutes' probe," by Gregory Wallace, CNN, March 2, 2015
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LL Flooring to Complete Corporate Name Change, LL Flooring News Release, Business Wire, Dec.10,2021
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call center. By the end of 2018 the company was operating over 415 stores across North America.
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https://www.sec.gov/ix?doc=/Archives/edgar/data/1396033/000155837021002205/ll-20201231x10k.htm
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565:"As LL Flooring goes bankrupt, here are the 94 stores holding closing sales"
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332:. Three years later in 1996, the company found their niche market in
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613:"Sponsorships Help Insulate Lumber Liquidators From Housing Crisis"
687:"LL Flooring Mulls Bankruptcy Filing as Home Renovations Slow (1)"
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945:"Lumber Liquidators pays $ 13.2 million for environmental crimes"
739:"LL Flooring Filed Court Notice on Intent to Pursue Liquidation"
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791:"LL Flooring Avoids Liquidation With Bankruptcy Sale Approval"
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880:"Lumber Liquidators Names A New CEO As Sales Slump Persists"
975:"Lumber Liquidators pleads guilty to environmental crimes"
336:. On January 5, 1996, the company's first store opened in
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is Charles E. Tyson. The firm is listed and trades under
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Companies formerly listed on the New York Stock Exchange
764:"LL Flooring founder to rescue company from bankruptcy"
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Companies that filed for Chapter 11 bankruptcy in 2024
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In July 2024, LL Flooring warned that it may file for
918:"Lumber Liquidators sentenced in wood import scheme"
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Bankruptcy, planned liquidation and reverted rebrand
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544:"2020 Form 10-K, Lumber Liquidators Holdings Inc"
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1038:Forest products companies of the United States
712:"LL Flooring files for Chapter 11 bankruptcy"
383:In 2009, Lumber Liquidators began sponsoring
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642:"Lumber Liquidators expanding into Canada"
364:The company is currently headquartered in
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789:Chutchian, Maria (September 16, 2024).
549:U.S. Securities and Exchange Commission
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1028:American companies established in 1994
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1058:1994 establishments in Massachusetts
1033:Retail companies established in 1994
611:Miley, Marissa (February 24, 2009).
737:Banares, Ilya (September 3, 2024).
654:from the original on March 20, 2015
943:Huang, Jiayue (October 22, 2015).
824:. Washington, D.C. August 14, 2014
821:Environmental Investigation Agency
441:Environmental Investigation Agency
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563:Kilgore, Tomi (August 12, 2024).
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640:City, James (April 29, 2010).
528:. May 28, 2020. Archived from
454:report about unsafe levels of
401:Extreme Makeover: Home Edition
1:
685:Basu, Reshmi (July 3, 2024).
270:F9 Investments (2024-present)
41:Lumber Liquidators Flooring
1043:Companies based in Virginia
338:West Roxbury, Massachusetts
297:Lumber Liquidators Flooring
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869:, Retrieved Sept. 20, 2022
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306:Lumber Liquidators store,
27:Hardwood flooring retailer
816:"Liquidating the Forests"
675:, Retrieved Sept.20, 2022
250:US$ 227.6 million (2020)
233:US$ 674.3 million (2020)
216:US$ 61.43 million (2020)
199:US$ 56.28 million (2020)
182:US$ 1.098 billion (2020)
428:stalking horse agreement
330:Stoughton, Massachusetts
104:Stoughton, Massachusetts
93: (30 years ago)
511:. Reviewed 24 May 2021.
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439:A 2013 report by the
420:Chapter 11 bankruptcy
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145:United States, Canada
458:in the Chinese-made
955:on December 8, 2015
770:. September 9, 2024
256:Number of employees
131:Number of locations
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981:. October 22, 2015
590:Lumber Liquidators
366:Richmond, Virginia
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155:Charles E. Tyson (
123:Richmond, Virginia
18:Lumber Liquidators
979:Los Angeles Times
718:. August 11, 2024
475:Lacey Act of 1900
460:laminate flooring
334:hardwood flooring
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168:Hardwood flooring
33:LL Flooring, Inc.
16:(Redirected from
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260:2,230 (2020)
240:Total equity
223:Total assets
119:Headquarters
114:Tom Sullivan
48:Company type
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928:February 1,
924:. USA Today
889:November 4,
647:Daily Press
393:DIY Network
346:Connecticut
293:LL Flooring
282:.llflooring
141:Area served
43:(1994–2022)
1017:Categories
985:August 25,
959:August 25,
722:August 11,
621:. New York
586:"About Us"
570:August 12,
481:References
452:60 Minutes
295:(formerly
206:Net income
151:Key people
949:USA Today
828:March 26,
658:March 26,
625:March 26,
596:March 26,
526:Yahoo.com
448:Lacey Act
352:Expansion
308:Ypsilanti
82:Retailing
60:Traded as
652:Archived
359:Virginia
342:Hartford
323:Founding
312:Michigan
164:Products
78:Industry
38:Formerly
716:Reuters
696:July 3,
385:Scripps
376::
318:History
275:Website
174:Revenue
111:Founder
96: (
88:Founded
70::
884:Forbes
592:. 2015
266:Parent
125:, U.S.
106:, U.S.
52:Public
397:ABC's
72:LLFLQ
987:2019
961:2019
930:2016
891:2015
830:2015
802:2024
776:2024
768:WTOP
750:2024
724:2024
698:2024
660:2015
627:2015
598:2015
572:2024
395:and
389:HGTV
374:NYSE
284:.com
98:1994
91:1994
370:CEO
280:www
157:CEO
102:in
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489:^
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