LL Flooring Holdings, Inc. (LL)
NYSE NYSE Primary Summary
LL Chart
LL Flooring to close 94 stores as it files for bankruptcy
LL Flooring filed for Chapter 11 bankruptcy in Delaware on Sunday as the company aims to reduce its physical footprint and close certain stores while pursuing a going-concern sale.
LL Flooring: The Founder Returns To Clean House
LL Flooring Holdings, Inc., rebranded from Lumber Liquidators in 2020, has been underperforming peers for years and facing bankruptcy rumors. Lumber Liquidators' founder Thomas Sullivan made multiple recent offers to buy the company and was rebuffed, but he just won a proxy battle and joined the Board. While the market has left the company for dead, Sullivan's solid plan to return the company to its profitable roots marks the start of a turnaround.
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LL Flooring Holdings, Inc. Profile
| - Industry | - Sector | Charles E. Tyson CEO | NYSE Exchange | 55003T107 CUSIP |
| US Country | 2,079 Employees | - Last Dividend | - Last Split | 9 Nov 2007 IPO Date |
Overview
LL Flooring Holdings, Inc., originally known as Lumber Liquidators Holdings, Inc., is a prominent specialty retailer in the flooring sector. With its subsidiaries, the company has established a multi-channel retail presence, focusing on both hard and soft surface flooring, along with a variety of flooring enhancements and accessories. Founded in 1993 and based in Richmond, Virginia, LL Flooring Holdings, Inc. has evolved its brand identity and expanded its product offerings to meet the diverse needs of its customers. The company serves its clientele through a combination of physical stores, a digital platform, and catalogs, ensuring a comprehensive shopping experience. Additionally, it extends in-home delivery and professional installation services, further emphasizing its customer-centric approach.
Products and Services
- Hard and Soft Surface Flooring:
The company's portfolio includes waterproof hybrid resilient flooring, waterproof vinyl plank, as well as traditional options like solid and engineered hardwood, laminate, bamboo, tile, and cork products. These offerings cater to a broad range of aesthetic preferences and functional requirements, ensuring customers find the perfect solution for their homes or businesses.
- Flooring Enhancements and Accessories:
To complement its flooring options, LL Flooring offers a selection of moldings, underlayment, adhesives, and tools. These products are essential for the installation and maintenance of flooring, assisting customers in achieving a professional finish and ensuring the longevity of their investment.
- Duravana:
Under brands like Bellawood, Coreluxe, ReNature by Coreluxe, and Duravana, the company markets a line of hybrid resilient flooring. This range is designed to offer the durability and aesthetic appeal of traditional hardwood with the added benefit of being waterproof, making it ideal for various environments within a home or commercial space.
- In-home Delivery and Installation Services:
Recognizing the importance of convenience and quality installation, LL Flooring provides in-home delivery and professional installation services. This ensures that customers not only receive their chosen flooring promptly but also have it installed by experts, guaranteeing a seamless and satisfying upgrade to their space.
