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In 2013, South America’s contribution was around 7 percent and it is expected to fall to 1 percent or less in coming years. Tel: 757.566.7512. Lumber Liquidators is clearly letting investors know that at some point, it needs to trust its Chinese suppliers. Information regarding these additional risks and uncertainties is contained in the Company’s filings with the Securities and Exchange Commission. A lot of it. If Lumber Liquidators knowingly violated the laws of the Lacey Act as is alleged in this video by the EIA, it is important that the government enforces the penalty to it’s fullest. But the company still alternately uses both names. How many trees does it take to make a hardwood floor? Lumber Liquidators reported net revenue of $813 million and $47 million in net income for the year 2012. Minimum monthly payments required. Lumber Liquidators (stylized as LUMBER LIQUIDATOR$) is an American retailer of hardwood flooring.He then resold the wood from the back of a trucking firm's yard in Stoughton, Massachusetts.The company has grown to be one of the largest retailers of … Our huge flooring store retail showroom is located in Burleson, TX but we aslo service Arlington, Mansfield, Fort Worth, Joshua, Crowley, Alvarado, Cleburne, Hurst, Euless, Bedford, Southlake, Keller, Grapevine, Colleyville, Saginaw, Grand Prairie, North Richland Hills, Midlothian, and Granbury, Texas. For cash, no receipt, nor warranty on anything. Available only for purchases between 11/18/2020 - 12/1/2020. My opinion is less than favorable, not for the marginal product quality only, but customer service complaints I heard far too often in the past. Just as investors at some point need to trust the company. It is important that all hardwood flooring manufacturer’s are doing business on a level playing field, one should not benefit from illegal harvesting to gain a competitive edge. If you live inside the DFW area but outside of our installation service area, you can still take advantage of The Floor Barn's low discount prices on brand name floors and we can arrange for delivery of your purchased floors to your home or business anywhere in the Dallas / Fort Worth metroplex. Some experts on the Lumber Liquidators situation say that the potential future liabilities may swamp the company when class action lawsuits begin to come to fruition. The following is an excellent high-quality educational video from the folks at Frank Miller Lumber Company, an Indiana lumber producer that specializes in quarter-sawn hardwood. They say they also believe that the “long-term the company collapses under a wave of consumers demanding testing be done, and the costs associated with removal and … Railroad ties and old wooden fences don’t yield recycled timbers of the same size as barns and factories do, but wood from these sources has been used to make doors, windows, mantelpieces, furniture, and other pieces where an entire floor worth of wood … lumber liquidators is the poorest excuse for wood flooring ever and their pathetic excuse for customer service is an absolute joke to say the least! If regulators' tests confirm Lumber Liquidators' position that its flooring is safe and meets regulatory standards, the company will get a boost, as it will if the criminal probe comes up with naught. Ashleigh McDermott We do not know why Lumber Liquidators would choose to make such an obviously false statement to the public. The warrants that allowed the Federal agents to search Lumber Liquidators hardwood flooring headquarters and retail store in Richmond, VA. are sealed and they have not been officially charged of any violations at the present time. Fish and Wildlife Service paid a visit to multiple Lumber Liquidators … Lumber Liquidators. Of the tested samples, only one was compliant with stringent formaldehyde emission standards enforced by the California Air Resources Board. Being in the hardwood lumber business I often get questions about the online flooring supplier Lumber Liquidators. Lumber Liquidators aims to be the industry leader in sustainability. This fast growing American company has a lot of mixed reviews, most of which are negative. WASHINGTON, D.C.—Today, Virginia-based company Lumber Liquidators was sentenced to $13.2 million in fines and forfeitures for importing illegal wood and submitting false declarations under the Lacey Act, a conservation law that makes it a crime to import plants and animals taken in … It … Also, here is a good article by the NWFA, National Wood Flooring Association on the recent events: http://hardwoodfloorsmag.com/editors/blog/default.aspx?id=2366&t=EIA-Report-Lumber-Liquidators-Knew-Wood, by Brian Heltzel The Floor Barn http://www.floorbarn.com Arlington, TX 817-419-1015. http://hardwoodfloorsmag.com/editors/blog/default.aspx?id=2366&t=EIA-Report-Lumber-Liquidators-Knew-Wood, All Wood Discount Cabinets – Shopping tips for Kitchen Cabinets. The Financial Impact To Lumber Liquidators. The new online content is designed, in part, to enable our communications to catch up with our sustainability initiatives.”. They are backed by hedge-fund managers who have bet millions on short-selling the stock. Lumber Liquidators claims it cannot find any clear statement in EIA’s report that states Lumber Liquidators imported illegal wood. Lumber Liquidators . Lumber Liquidators Investor Relations Save on over 400 flooring varieties, including Bellawood Prefinished Hardwood backed by a transferable 100-year warranty. In early 2020, Lumber Liquidators began the process of changing its name to LL Flooring to better reflect its main product: flooring, not lumber. About Lumber Liquidators The Company features more than 340 top quality flooring varieties, including solid and engineered hardwood, bamboo, cork, laminate and resilient vinyl. 60 Minutes reported that CBS investigators tested 31 samples of Chinese-made Lumber Liquidators™ laminate flooring purchased in Virginia, Florida, Texas, Illinois and New York. Lumber Liquidators’ long nightmare is over, but it has a ways to go before it fully recovers from its laminate flooring crisis. The largest direct retailer of hardwood floors in the USA offers a variety of product lines, mostly for the price conscious shopper. Most of the lumber doesn't come from China like that other guy said. The Floor Barn is owned and operated by us, the Heltzel Family. As Lumber Liquidators increased its reach, it expanded its product offerings to other types of flooring. Save my name, email, and website in this browser for the next time I comment. Additionally, Lumber Liquidators provides a wide selection of flooring enhancements and accessories to complement, install and maintain your new floor. “Lumber Liquidators aims to be the industry leader in sustainability because it’s good for the environment, and because it’s good for the future of our business,” said Robert M. Lynch, President and Chief Executive Officer. This press release may contain “forward-looking statements” as defined in the Private Securities Litigation Reform Act. And they know it. Some reclaimed wood doesn’t come from buildings at all. I am happy to install B-Wood. Every location is staffed with flooring experts who can provide advice and useful information about Lumber Liquidators’ low priced product, much of which is in-stock and ready for delivery. On September 26th agents from the Department of Homeland Security’s Immigration and Customs Enforcement as well as the U.S. Lumber Liquidators to pay $33 million for misleading investors about formaldehyde in laminate flooring A sign marks the location of a Lumber Liquidators store on April 29, 2015, in … Lumber Liquidators Does "Hardwood Lumber for Less" mean less quality, less service, less wood figure or less price? Lumber Liquidators hardwood flooring products have come under Federal scrutiny recently. On September 26th agents from the Department of Homeland Security’s Immigration and Customs Enforcement as well as the U.S. Lumber Liquidators sells a huge variety of wood floors at a low price. After building strategic industry contacts and setting in motion a business plan to offer wholesale prices to the retail market, we opened the doors of The Floor Barn to the public. Lumber Liquidators Flooring Co. has been in business for over 20 years and … When shopping for new carpets, many property owners like to compare deals and product ranges from different suppliers, with one of the most common comparisons being Empire Today vs. Lumber Liquidators. Let us clarify then: Lumber Liquidators imported illegal wood. Click for Details. Admittedly, we’ve been more focused on our sustainability efforts than communicating broadly about them. Many modern folk would have a hard time explaining where the natural gas in their home comes from, or how bread is made, or even what the very walls around them are made of. We have over $20, 000 invested in hardwood flooring from this pathetic company and like obviously thousands of others scammed, our floors are cupping and buckling everywhere! With premier brands including Bellawood Prefinished Hardwood and Morning Star Bamboo, Lumber Liquidators’ flooring is often featured on popular television shows such as HGTV’s Dream Home and This Old House. For example, in 2007 Lumber Liquidators sourced about 18 percent of its wood from South America. I worked for home depot lumber department. You can also follow the Company on Facebook and Twitter. The men have filed a class action lawsuit demanding that Lumber Liquidators pay to remove and replace every single board of laminated wood flooring that contains toxic levels of formaldehyde. Copyright © 2020 Lumber Liquidators, Inc. All Rights Reserved. I've had my natural maple Bellawood floors for over 4 years and I couldn't happier. On purchases of $2,500 or more made with your Lumber Liquidators credit card from November 18 - December 1, 2020. Highlights of the new sustainability content include: In its 20th year and with more than 345 locations, Lumber Liquidators is North America’s largest specialty retailer of hardwood flooring. Lumber Liquidators Flooring was started in 1994 by Tom Sullivan, a building contractor who began purchasing excess wood from other companies. *Subject to credit approval. At $82 a share, the stock trades at around 50x its 2012 earnings. Owned and operated by us, the company on Facebook and Twitter selection of flooring enhancements and accessories complement! On Facebook and Twitter from other companies floor Barn is owned and operated by us, Heltzel. September 26th agents from where does lumber liquidators wood come from Department of Homeland Security ’ s Immigration Customs. 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