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The retailer’s shares immediately dropped 23% to $39.73 following the report. Its stock has crashed from 84 cents to 2 cents since the Chapter 11 filing last month.
September 6, 2024 at 6:23 PM. American flooring company LL Flooring announced it will be closing its stores, with closing sales starting on Friday, Sept. 6. Since opening its doors in 1993, LL ...
September 4, 2024 at 9:30 AM. Mario Tama/Getty Images. LL Flooring, formerly known as Lumber Liquidators, is going out of business after the bankrupt company failed to find a buyer to rescue the ...
Shortly after the conviction Lumber Liquidators lost about 20% in stock value for potential violation of the Lacey Act. During 2015, the company's stock lost about half of its value in both the leadup to and the wake of a 60 Minutes report about unsafe levels of formaldehyde in the Chinese-made laminate flooring that it was selling.
LL Flooring, the company formerly known as Lumber Liquidators, is closing 94 stores after filing for bankruptcy. The Richmond, Virginia-based company announced Sunday it had entered Chapter 11 ...
LL Flooring, which was better known for most of its 30 years as Lumber Liquidators, is about to be liquidated after failing to find a buyer. The chain, which has about 200 stores left across the ...