Home Depot Competitor Closes 442 Stores In 47 States

One of Home Depot’s rivals, called Lumber Liquidators (LL Flooring), is shutting down all of its locations after 30 years of operation and has entered bankruptcy proceedings. The company attempted to find a buyer but was unsuccessful, leading to the shutdown of nearly 100 stores earlier this summer.

“It is with a heavy heart that we must let you know that we are going to begin the process of winding down the business and closing all of our stores,” the company stated.

In a letter to customers, management announced plans to wind down operations and begin clearance sales at remaining locations, affecting about 2,000 jobs.

Existing orders will be fulfilled, but installation services will be suspended.

Tom Sullivan founded Lumber Liquidators in 1994. In 2014, Sullivan said, “To look back and see how far we’ve come in 20 years is almost like a dream. We’ve gone from a tiny operation to having served more than two million people and, along the way, changed the way hardwood flooring is sold. Our customers know that the value and quality of their floors are unmatched.”

Sullivan left the company in 2017, and Lumber Liquidators was renamed LL Flooring in 2020.

This closure follows a broader trend of retail struggles, with multiple home improvement and furniture retailers also shutting down in response to declining consumer spending.