"I was speechless," says shopper after Home Depot competitor files for bankruptcy - dozens of stores will disappear from the map

Customers of a popular flooring company expressed their dismay after learning that the chain had filed for bankruptcy.

LL Flooring said it would close nearly 100 stores after announcing the filing earlier this month.

LL Flooring, a competitor of Home Depot, filed for bankruptcy earlier this month and customers shared their reactions to the news on social media (symbol image).Photo credit: Getty

The company will soon close nearly 100 of its stores in the US (symbol image)Photo credit: Getty

The retailer filed for bankruptcy under the U.S. Chapter 11 bankruptcy system on August 11.

The company confirmed that many of its stores would be closed with immediate effect.

“I was speechless when I heard this,” wrote one customer on Facebook.

“That’s not a good thing to hear,” said another user.

Read more about store closures

At least 94 of LL Flooring’s more than 300 locations will soon be closed permanently.

According to the retailer’s website, there will be closures in 31 US states.

The company, known as Lumber Liquidators before its name change in 2020, was founded in 1994.

After the bankruptcy filing became known, customers expressed their anger in droves on social media.

“I wish it would stay open,” said one shopper.

“Prayers for the flooring,” read another comment.

DIY chain with 442 stores announces insolvency plans as retailers were forced to close 2,600 stores in a matter of months

“Unfortunately, only the beginning of many more companies.”

As The US Sun previously reported, LL Flooring hopes to restructure the company and sell it to one of the “multiple bidders,” according to a press release.

While the closure of nearly 100 stores is imminent, customers have been assured that operations at the remaining stores will continue as usual.

Charles Tyson, president and CEO of LL Flooring, said the bankruptcy filing was in the best interest of the brand after the company continually struggled with inflation rates, labor costs and changing consumer habits.

“Today’s move is intended to provide LL Flooring with additional timing and financial flexibility as we reduce our physical footprint and close certain stores while pursuing a sale of the remainder of the business while continuing operations,” Tyson said in the press release.

Restaurant closures in 2024

Bosses of large restaurant chains have announced a series of restaurant closures. The US Sun has compiled a list of the affected chains.

Cracker Barrel: Stores in Medford, Oregon, Columbia, South Carolina and Sacramento, California, have closed.
Mod Pizza: In April, the bosses dramatically closed 27 stores, including some in the state of California.
Frisch’s big boy: Restaurant managers confirmed the closure of a restaurant in Covington, Kentucky in April.
Outback Steakhouse: The chain will close 41 underperforming locations this year.
Two dollars: Four restaurants in Ohio closed in April.
Chilies: A restaurant in Port Arthur, Texas, was permanently closed, as was one in Irvine, California.
Friendly matches: The bosses confirmed that a branch in Ronkonkoma, Long Island, will be closed.
Pizza Hut: At the end of March, a restaurant in Glen Falls, New York, closed, followed by four restaurants in Ohio in June and 15 in Indiana.
Denny’s: Two restaurants in Boise and Nampa, Idaho, have closed.
Carl’s Jr.: The first location in Boise, Idaho, was closed.
In-N-Out: An Oakland location was closed earlier this year due to crime in the area.
Cheesecake Factory: The chain will close a store in Memphis, Tennessee, in July.
Applebee’s: Has announced the closure of 25 to 35 locations this year.
Taco John’s: Closed a restaurant in Minnesota and put the building up for sale in May.
Rubio’s Coastal Grill: Announced the closure of 48 locations in California after filing for bankruptcy.
BurgerKing: In June, a location in California was closed after 30 years.

SHUTDOWN

LL Flooring is not the only company in the United States that has struggled with financial difficulties this year.

Big Lots announced that nearly 300 of its stores will close later this year due to debt problems.

With at least 289 stores forced to close, the retailer will see a nearly 21% decline in stores nationwide.

Customers expressed their sadness about this announcement on social media.

“I’m so lost, I LOVE THIS STORE,” one person said.

“Crazy, I love big prizes,” commented another.

“Many companies are closing or filing for bankruptcy,” said a third user.