You can also follow the Company on Facebook and Twitter. Lumber Liquidators aims to be the industry leader in sustainability. Lumber Liquidators claims it cannot find any clear statement in EIA’s report that states Lumber Liquidators imported illegal wood. Initially, we started our little company as a remodeling and flooring installation company named Putting On The Fix. Brian, James, Sue and Don have made improving your home and business their passion. A lot of it. At $82 a share, the stock trades at around 50x its 2012 earnings. In 2013, South America’s contribution was around 7 percent and it is expected to fall to 1 percent or less in coming years. Copyright © 2020 Lumber Liquidators, Inc. All Rights Reserved. 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. 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 … Information regarding these additional risks and uncertainties is contained in the Company’s filings with the Securities and Exchange Commission. Lumber Liquidators’ long nightmare is over, but it has a ways to go before it fully recovers from its laminate flooring crisis. Or, choose from bamboo, laminate, wood-look waterproof flooring, and more. Lumber Liquidators hardwood flooring products have come under Federal scrutiny recently. 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. Empire Today vs. Lumber Liquidators. The footage shows packaging of the Virginia Mills line of Lumber Liquidators hardwood floors, being manufactured by a foreign company that has violated logging laws. 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. The same goes for lumber. 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. It is also important that the customer themselves know that they are buying quality products that are being manufactured to the regulations our nation as enacted into law. Learn more about our corporate giving program at www.LayItForward.LumberLiquidators.com. Lumber Liquidators is clearly letting investors know that at some point, it needs to trust its Chinese suppliers. 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. The experience by our clients have been overwhelmingly positive, of course who doesn’t want to save money! Fish and Wildlife Service paid a visit to multiple Lumber Liquidators locations. Of the tested samples, only one was compliant with stringent formaldehyde emission standards enforced by the California Air Resources Board. 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. 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. *Subject to credit approval. 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. Fish and Wildlife Service paid a visit to multiple Lumber Liquidators … While shares of Lumber Liquidators closed up slightly on Friday, investors could barely wait to sell their stock by Monday morning. In early 2020, Lumber Liquidators began the process of changing its name to LL Flooring to better reflect its main product: flooring, not lumber. Minimum monthly payments required. 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. The original content is rooted in the Company’s “Lay It Forward” business strategy, which centers on the long-term benefits of quality hardwood flooring, protecting the environment and supporting the communities it serves. Let us clarify then: Lumber Liquidators imported illegal wood. Three years later, moving to its first dedicated store in Roxbury, Massachusetts, Lumber Liquidators shifted toward selling solid hardwood flooring as its flagship product, heavily advertising oak flooring for the deeply discounted price of $0.99 per square foot throughout the Boston area. Lumber Liquidators will pay $7.8 million in criminal fines, more than $1.2 million in community service payments and nearly $970,000 in criminal forfeiture. Tel: 757.566.7512. Lumber Liquidators Flooring Co. has been in business for over 20 years and … If regulators' tests confirm Lumber Liquidators' position that its flooring is safe and meets regulatory standards, the company will get a boost, as it will if the criminal probe comes up with naught. They say they also believe that the “long-term the company collapses under a wave of consumers demanding testing be done, and the costs associated with removal and … The men have filed a class action lawsuit demanding that Lumber Liquidators pay to remove and replace every single board of laminated wood flooring that contains toxic levels of formaldehyde. Throughout that time as well, we also had rehabbed several homes and during that time we discovered that there had to be a better way to get more affordable floor materials to the public then what we encountered. “Lumber Liquidators aims to be the industry leader in sustainability because it’s good for the environment, and because it’s good for the future of our business,” said Robert M. Lynch, President and Chief Executive Officer. They are backed by hedge-fund managers who have bet millions on short-selling the stock. Lumber Liquidators Reviewed by Wood Floor Doctor on October 4 . Lumber Liquidators Investor Relations Lumber Liquidators has generated its fair share of controversial headlines over the past year or two, but if its tanking share price is any indication, the retailer may soon be facing further repercussions for its alleged actions.. On one hand, the company may be smacked with criminal charges from the Department of Justice over an ongoing investigation into possible illegal logging practices. Lumber Liquidators (stylized as LUMBER LIQUIDATOR$) 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 … Lumber Liquidators hardwood flooring products have come under Federal scrutiny recently. The Company specifically disclaims any obligation to update these statements which speak only as of their respective dates, except as may be required under the federal securities laws. On September 26th agents from the Department of Homeland Security’s Immigration and Customs Enforcement as well as the U.S. Lumber Liquidators Flooring was started in 1994 by Tom Sullivan, a building contractor who began purchasing excess wood from other companies. 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! Save on over 400 flooring varieties, including Bellawood Prefinished Hardwood backed by a transferable 100-year warranty. Being in the hardwood lumber business I often get questions about the online flooring supplier Lumber Liquidators. We do not know why Lumber Liquidators would choose to make such an obviously false statement to the public. The new online content is designed, in part, to enable our communications to catch up with our sustainability initiatives.”. 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. About Lumber Liquidators Lumber Liquidators has also faced an investigation from the US Department of Justice over its alleged use of wood that was illegally logged from the Russian Far East, in violation of the Lacey Act. I've had my natural maple Bellawood floors for over 4 years and I couldn't happier. As Lumber Liquidators increased its reach, it expanded its product offerings to other types of flooring. I am happy to install B-Wood. Three years later in 1996, the company found their niche market in hardwood flooring. The Financial Impact To Lumber Liquidators. 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. Well, the number of trees you need will, of course, depend on the size of floor you are making and the size of the trees the lumber comes from, among other factors. 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. Additionally, Lumber Liquidators provides a wide selection of flooring enhancements and accessories to complement, install and maintain your new floor. However, we also get a good amount of wood from Canada, including the maple of which they are so proud (justifiably so). Author: Dennis Bell, Bell Forest Products. These statements, including those related to the percentage of wood to be sourced from South America in coming years, are not historical facts and are based on currently available information as of the date of such statements and are subject to risks and uncertainties that may cause actual results to differ. I worked for home depot lumber department. When I was checking around at local flooring stores I couldn't even touch maple wood - very expensive. And that's how it's done. TOANO, Va., October 3, 2014 – Lumber Liquidators (NYSE: LL), the largest specialty retailer of hardwood flooring in North America, has launched a new section of its website, www.LumberLiquidators.com/Sustainability, detailing the Company’s longstanding commitment to protect the environment. This fast growing American company has a lot of mixed reviews, most of which are negative. You will see the short video on Lumber Liquidators hardwood by the EIA below. 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. Lumber Liquidators reported net revenue of $813 million and $47 million in net income for the year 2012. On purchases of $2,500 or more made with your Lumber Liquidators credit card from November 18 - December 1, 2020. It … Some reclaimed wood doesn’t come from buildings at all. It provides a nice way to visualize the sawing process one has to try to imagine when looking at a piece of quarter-sawn lumber. 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! But the company still alternately uses both names. For more information, please visit www.LumberLiquidators.com or call 1.800.HARDWOOD. For example, in 2007 Lumber Liquidators sourced about 18 percent of its wood from South America. The only wood products from China in the lumber department are Luan underlayment and wood finials. This press release may contain “forward-looking statements” as defined in the Private Securities Litigation Reform Act. Most of the lumber doesn't come from China like that other guy said. And they know it. We do this by minimizing our energy and land use; having an efficient supply chain; working with credible and trustworthy suppliers; avoiding waste; and investing in, and protecting, the long-term health of the forests, farms and responsible plantations that are the lifeblood of our business.”, Added Ray Cotton, Senior Vice President, Chief Sustainability and Compliance Officer: “At Lumber Liquidators, we’ve focused not simply on compliance with the applicable laws, but on what we can and should do as a company to protect the environment above and beyond those laws. 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 sells a huge variety of wood floors at a low price. “Delivering top-quality hardwood floors for less requires us to be lean, efficient and sustainable in everything we do. How many trees does it take to make a hardwood floor? What does “Random Widths” and “Random Lengths” mean. On September 26th agents from the Department of Homeland Security’s Immigration and Customs Enforcement as well as the U.S. As the investigation of Lumber Liquidators hardwood flooring products continues, the emergence of a newly published video by the EIA, Environmental Investigation Agency, contains footage alleging extremely damaging proof of importation violations. For cash, no receipt, nor warranty on anything. 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. The Floor Barn is owned and operated by us, the Heltzel Family. Lumber Liquidators was much more affordable and Bellawood is a very nice quality floor in my opinion. Ashleigh McDermott Lumber Liquidators. 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 … He then resold the wood from the back of a trucking firm's yard in Stoughton, Massachusetts. — -- A new report from the U.S. Centers for Disease Control and Prevention has put the spotlight again on some flooring sold by Lumber Liquidators due to potential health risks. 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. Just as investors at some point need to trust the company. I've seen too much crappy material come out with width variances of 1/8" and more, 100 boards averaging 20" for every "long" board of 47" to count. Then over the years our clients were always looking towards us to provide their materials for them. The largest direct retailer of hardwood floors in the USA offers a variety of product lines, mostly for the price conscious shopper. Admittedly, we’ve been more focused on our sustainability efforts than communicating broadly about them. Available only for purchases between 11/18/2020 - 12/1/2020. The Company features more than 340 top quality flooring varieties, including solid and engineered hardwood, bamboo, cork, laminate and resilient vinyl. Lumber Liquidators, now known as LL Flooring, offers a wide range of materials and colors of laminate and hardwood floors at low prices. Lumber Liquidators . Lumber Liquidators is a discount wood floor retailer that offers great variety at low prices. Click for Details. 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. Rating: 2.5 Lumber Liquidators Does "Hardwood Lumber for Less" mean less quality, less service, less wood figure or less price? For more information, please visit www.LumberLiquidators.com/Sustainability. Save my name, email, and website in this browser for the next time I comment. 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.