Popular Building Supply Chain With Locations in Maine, New Hampshire, & Massachusetts, Closing 94 Stores
When it comes to retail, the world has changed a lot in the last decade.
Just a few years ago, when you wanted to buy something, you either went to the store to purchase it or you ordered it from a website. Because of the time it generally took to get something shipped to you from an online (or magazine) order, going to the store was almost always the preferred method of buying stuff.
When the largest online retailers started offering 2-day and overnight delivery, the game changed.
The fact that people could now get nearly anything, from groceries to electronics, delivered right to their homes, caused pain for many brick-and-mortar retailers. The drop in sales has caused many retail chains to close locations. In several cases, it has even led several chains to fold completely.
Another National Retailer Has Announced Store Closures
According to Market Watch, L.L. Flooring, which is the new name for Lumber Liquidators, has announced it has filed for bankruptcy. As a result, the company will be closing nearly 100 stores over the next few months.
That's nearly 25% of their stores!
The article goes on to explain that they hope to sell the business to another company. In a statement, the company claims to be in negotiations with potential buyers.
Check out a list of the stores scheduled for closure HERE. Those stores are currently holding 'closing' sales. Those sales are expected to end by September 29th.
Will Any New England Stores be Closing?
According to the LL Flooring website, New England stores on the closing list include Framingham and Leominster in Massachusetts. Also, Norwalk, North Haven, Milford, and Waterbury stores in Connecticut.
Have you ever shopped at L.L. Flooring or Lumber Liquidators? What was your experience like?
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