Current:Home > FinancePoinbank Exchange|LL Flooring files bankruptcy, will close 94 stores. Here's where they are. -Wealth Evolution Experts
Poinbank Exchange|LL Flooring files bankruptcy, will close 94 stores. Here's where they are.
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Date:2025-04-10 21:53:21
LL Flooring has announced that it will close 94 stores in more than 30 states as it filed for chapter 11 bankruptcy.
The Poinbank Exchangecompany, formerly known as Lumber Liquidators, said that it is nearly $110 million in long-term debt in filings made in Delaware bankruptcy court on Sunday.
The Richmond, Virginia-based company said in the filings that slowing home sales and rising interest rates contributed to slower sales in the home improvement market. The company's 300 other stores will remain open.
LL Flooring said it will stop accepting gift cards at all of its locations, including the ones that aren't shuttering, on Sept. 4 as a part of the bankruptcy process, and that gift cards cannot be exchanged for cash. The company said in the filings that it has approximately $131 million in outstanding gift cards.
LL Flooring said in the filings that it has attempted to find a buyer but is willing to solicit offers to close more stores if one cannot be found.
"The company is engaged in discussions with potential buyers of the company, and this process will allow us to evaluate binding bids through a court-supervised process in order to maximize value for all of our stakeholders," LL Flooring wrote in a letter to its customers. "While this could change, the company currently anticipates closing a sale of the business by end of September if a buyer is identified."
The company said that it has garnered $130 million in Chapter 11 financing, funded through existing lenders led by Bank of America.
Where is LL Flooring closing
To see the stores closing in your area, click on the state name to go directly to the state or scroll through the list below
Alabama | Arizona | California | Colorado | Connecticut | Florida | Georgia | Illinois | Indiana | Iowa | Louisiana | Massachusetts | Maryland | Michigan | Minnesota | Mississippi | Missouri | Nevada | New Jersey | New York | North Carolina | Ohio | Oregon | Pennsylvania | Tennessee | Texas | Utah | Virginia | Washington | West Virginia | Wisconsin
Alabama
- Tuscaloosa - 3305 McFarland Blvd. E
Arizona
- Mesa -1845 S. Power Rd
- Phoenix - 2120 S. 7th St.
- Prescott Valley - 6889 E. 1st St.
California
- Bakersfield - 3601 Ming Ave.
- Burlingame - 1501 Adrian Rd.
- Elk Grove - 877 Elk Grove Blvd.
- Fairfield - 1595 Holiday Ln.
- Fresno - 5091 N. Fresno St.
- Rancho Cucamonga - 10920 Foothill Blvd.
- Salinas - 1043 N. Main St.
- San Diego - 2222 Verus St.
- Santee - 240 Town Center Pkwy.
- Torrance - 1431 W. Knox St.
- Visalia - 3275 S. Mooney Blvd.
Colorado
- Longmont - 633 Frontage Rd.
- Loveland - 2985 N. Garfield Ave.
- Thornton - 930 E. 104th Ave.
Connecticut
- Milford - 1389 Boston Post Rd.
- North Haven - 430 Universal Dr. North
- Norwalk - 651 Connecticut Ave.
- Waterbury - 1012 Wolcott St.
Florida
- Clearwater Showroom - 2613 Gulf to Bay Blvd.
- Florida City - 33550 S. Dixie Highway
- Gainsville - 2607 NW 13th St.
- St. Augustine - 330 CBL Dr.
- Tampa - 8444 W. Hillsborough Ave.
Georgia
- Cumming - 580 Atlanta Rd.
- Roswell - 593 Holcomb Bridge Rd.
Illinois
- Bloomington - 1701 E. Empire St.
- Champaign - 301 W. Marketview Dr.
- Crystal Lake - 4500 W. Northwest Highway
- Peoria - 1467 N. Main St.
- Geneva - 1530 S. Randall Rd.
- Mundelein - 3080 W. Route 60
- South Elgin - 356 Randall Rd.
Indiana
- Greenwood - 2117 Independence Dr.
- Lafayette - 4315 Commerce Dr.
- Muncie - 1515 W. McGalliard Rd.
Iowa
- Davenport - 321 W. Kimberly Rd.
Louisiana
- Broussard - 3401 U.S. 90
- Lake Charles - 3415 Derek Dr.
Massachusetts
- Framingham - 235 Old Connecticut Pass
- Leominster - 110 Water Tower Plaza
Maryland
- Edgewood - 2710 Pulaski Highway
- Lutherville - 2151 York Rd.
Michigan
- Battle Creek - 5700 Beckley Rd.
- Kentwood - 4260 28th St. SE
Minnesota
- Chanhassen - 2973 Water Tower Pl.
- Rochester - 5139 Highway 52 N.
- St. Cloud - 3324 Division St. W.
Mississippi
- Hattiesburg - 4700 Hardy St.
Missouri
- Chesterfield - 17724 Chesterfield Airport Rd.
- Joplin - 732 S. Range Line Rd.
- Kansas City - 2618 NE Vivion Rd.
Nevada
- Las Vegas - 4588 N. Rancho Rd.
New Jersey
- Mount Holly - 531 High St.
- Woodbridge - 507 King George's Rd.
- Woodbury - 1450 Clements Bridge Rd.
New York
- Medford - 700 E. Patchogue Yaphank Rd.
- New Hartford - 8619 Clinton St.
- Staten Island - 2040 Forest Ave.
- Westbury - 24 Kinkel St.
North Carolina
- Burlington - 1809 S. Church St.
Ohio
- Cincinnati - 454 Ohio Pike
- Columbus - 4242 W. Broad St.
- Reynoldsburg - 2736 Brice Rd.
- Solon - 6025 Kruse Dr.
Oregon
- Albany - 1241 SE Clay St.
Pennsylvania
- Exton - 213 W. Lincoln Highway
- Fairless Hills - 150 Lincoln Highway
- Philadelphia - 1530 S. Columbus Blvd.
Tennessee
- Clarksville - 115 Terminal Rd.
- Franklin - 209 S. Royal Oaks Blvd.
- Jackson - 1245 Vann Dr.
Texas
- Abilene - 4127 S. Danville Dr.
- Arlington - 808 Interstate 20
- College Station - 1140 Harvey Rd.
- Denton - 2311 Colorado Blvd.
- Fort Worth - 425 Sherry Ln.
- Houston - 8366 Westheimer Rd.
- Katy - 620 Katy Ft Bend Rd.
- Killeen - 1101 S. Fort Hood St.
- McAllen - 3300 W. Expressway 83
- San Antonio - 3142 SE Military Dr.
- Sherman - 1215 S. Sam Rayburn Freeway
Utah
- Riverdale - 4040 Riverdale Rd.
Virginia
- Woodbridge - 14516 Potomac Mills Rd.
Washington
- Bellingham - 145 E. Stewart Rd.
- Olympia - 1520 Cooper Point Rd. SW
- Yakima - 2319 S. 1st St.
West Virginia
- Beckley - 1020 N. Eisenhower Dr.
- Parkersburg - 2838 Pike St.
Wisconsin
- Menomonee Falls - N81W15180 Appleton Ave.
Former Lumber Liquidators latest retailer closing stores
LL Flooring is the latest in a string of retailers shutting down.
Big box discount store Big Lots announced this month that it may close up to 315 stores in a Securities and Exchange Commission filing.
Big Lots marked some stores as closing on the affected location's info page. The company did not release a list of stores it intended to close.
The Columbus Dispatch − a part of the USA TODAY Network − reported that the Columbus-based retailer had listed 293 locations as "closing soon"
"In 2024, the U.S. economy has continued to face macroeconomic challenges including elevated inflation, which has adversely impacted the buying power of our customers,” Big Lots said in the filing.
The company reported that sales in the first quarter of 2024, which ended in May, fell more than 10% compared to the previous year.
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