Major Home Improvement Chain Shutters 94 Stores including Michigan

A major home improvement retailer with multiple locations in Michigan has filed for bankruptcy and is closing 94 stores across more than 30 states.

LL Flooring - which you probably know by its former name Lumber Liquidators - has filed for Chapter 11 bankruptcy. The chain currently owns and operates locations in 47 US states.

LL Flooring Closing Stores in Michigan

The flooring company announced earlier this week that it plans to shutter 94 of its more than 400 stores across the country. LL Flooring currently has six stores in the Metro Detroit area as well as locations in Saginaw, Kalamazoo, Traverse City, and the Grand Rapids area.

Michigan stores which are slated for closure are located in Battle Creek and Kentwood.

• Battle Creek - 5700 Beckley Rd.
• Kentwood - 4260 28th St. SE

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LL Flooring Looking for a Buyer

According to an announcement quoted by the Independent, LL Flooring is currently negotiating with "multiple bidders" in an effort to sell the company.

During the reorganization, the company's remaining stores will continue to operate as normal.

Charles Tyson is the President and Chief Executive Officer of LL Flooring. He says the Chapter 11 reorganization will provide LL Flooring with additional time and flexibility while it pursues a permanent solution.

"After comprehensive efforts to enhance our liquidity position in a challenging macro environment, a determination was made that initiating this Chapter 11 process is the best path forward for the Company," Tyson said in a statement.