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iFloor Files Bankruptcy, 35 Stores Begin Liquidation

Flooring Retailer Suffers from Consumers Forgoing Home Remodels
By Sasha M Pardy
December 8, 2008 | 7:56 P.M.

Tukwila, WA-based flooring retailer, iFloor, filed Chapter 11 bankruptcy on Dec. 4, 2008. Primarily an online retailer, the company also operates 35 brick-and-mortar stores. In the filing, the company listed assets between $1 million to $10 million, and liabilities between $10 million and $50 million. Subsequently, it eliminated 90 of its 150 employees. The company cited inability to secure funding to continue operating and the weak economy slowing home remodel spending as primary issues driving its filing. It had added 14 new stores since April 2007.

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