Three LL Flooring stores in New Jersey are closing — among the 94 stores in 30 states the chain is shuttering over the next two months — as the company files for bankruptcy.
The company, 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, including the North Jersey locations in South Hackensack and Fairfield…