Content about Lumber Liquidators

April 1, 2014

Lumber Liquidators has added a ninth member to its board of directors. Effective April 1, Nancy Taylor has been appointed as a Class III director.

"We are excited and pleased to welcome Nancy to our board of directors," said president and CEO Robert Lynch. "Nancy is a respected executive with a wealth of business and leadership experience. We look forward to benefiting from the knowledge and insight she will bring to Lumber Liquidators' board as we continue to grow our business."

March 24, 2014

Several of HCN's Top 30 were dragging their feet on Friday, especially Lumber Liquidators (LL), Builders' FirstSource (BLDR), Stock Building Supply (STCK) and Trex (TREX).

March 20, 2014

Lumber Liquidators' (LL) shares dropped a couple dollars on Thursday -- a 4.56% decrease -- as many of its peers also lost some traction.

February 19, 2014

Amid an otherwise depressed day for stocks (and housing starts), Lumber Liquidators (LL) shot up 5.21% following the release of a robust Q4 earnings report.

February 19, 2014

Lumber Liquidators posted a strong earnings report Wednesday for the fourth quarter and full year ended Dec. 31, 2013. 

Net sales for the three-month period were $258.4 million, up 22.7% from 2012. For the full year, sales came in at $1.0 billion, a nearly 23% improvement in year-ago terms.

Fourth-quarter net income weighed in at $20.8 million, up considerably from last year's $13.8 million. For 2013 as a whole, Lumber Liquidators pulled in $77.4 million, an increase of 64.4%.

February 4, 2014

Many of the Top 30 stocks rebounded from Monday, with Lumber Liquidators shooting ahead with a 9% increase.

January 10, 2014

Lumber Liquidators announced on Wednesday its promotions of James Davis to SVP sales and Charles Schwartz to CIO and SVP business development.

January 6, 2014

New York City-based home furnishings retailer Gracious Home named Rob Morrison to the post of chief operating officer.

The former Lumber Liquidators executive begins his new role on Jan. 6.

At Lumber Liquidators, Morrison was senior VP of stores and operations, a position he held since January 2006. He was also president of Artistic Tile from 2004 to 2005.

December 17, 2013

Both Trex (TREX) and Lumber Liquidators (LL) grabbed the market by the horns on Monday -- to the tune of more than 5% each.

December 10, 2013

Shares of Lumber Liquidators (LL) were down 13.66% on Tuesday after the retailer released a less-than-stellar fourth-quarter profit guidance.

November 25, 2013

Shares of Lumber Liquidators (LL) were up 1.14% Monday after its 11.75% plunge on Friday. Meanwhile, Sears (SHLD) received a boost of 7.27%.

November 25, 2013

Shares of Lumber Liquidators (LL) were down 11.75% after hedge fund manager Whitney Tilson announced a short position in the company, citing questionable environmental practices.

November 25, 2013

Lumber Liquidators issued a statement in response to hedge fund manager Whitney Tilson, whose short position on the company caused shares to plummet nearly 12% on Friday.

Tilson made the announcement at the Robin Hood Investors Conference in New York on Friday, citing allegations surrounding the company's sourcing practices that surfaced earlier this fall.

November 20, 2013

Lumber Liquidators (LL) continued its recent flip-flop with a downward turn of 2.44% just on the heels of its new high of $119.44 on Friday.

November 19, 2013

Many companies have been organizing drives and fundraisers for victims of Typhoon Haiyan since it touched down in the Philippines, and the home improvement and building materials industry is finding ways to make its own mark on the recovery effort.

Lumber Liquidators is providing tents and aid to affected families via the nonprofit ShelterBox USA. The organization delivers compact kits and emergency supplies to disaster survivors, which include tents, blankets, tools, water purification equipment, stoves, children's activity kits and more.

November 18, 2013

Share prices continued to strengthen on Friday, with Lumber Liquidators getting a 3.32% boost to $119.44.

October 24, 2013

Lumber Liquidators saw the biggest increase, with a price of $113.99, up 4.75%.

 

October 23, 2013

Lumber Liquidators increased its net income in the third quarter of fiscal 2013 58.4% to $20.4 million, from $12.9 million in the year-ago period.

Net sales grew 24.5% to $254.3 million, from $204.3 million in the same period a year earlier. Same-store sales grew 17.4%, driven by a 9.8% increase in the number of customers invoiced and a 6.9% increase in the average sale. 

October 14, 2013

Lumber Liquidators (LL) enjoyed its fifth consecutive day of gains, despite an ongoing federal investigation into its sourcing practices. 

October 11, 2013

Lumber Liquidators spokesman Clint Roberts responded to HCN's requests for comment regarding the ongoing federal investigation into its sourcing practices. Multiple reports have suggested that the investigation is linked to the Environmental Investigation Agency, which claims the retailer is purchasing wood illegally in protected forests in Far East Russia.

October 9, 2013

According to multiple media reports, the federal raid on two of Lumber Liquidators' Virginia locations last month has been linked to the Environmental Investigation Agency (EIA).

The Washington-based environmental advocacy group spent three years mounting its case against the retailer, claiming it purchased wood from protected forests in eastern Russia through a Chinese-owned supplier. The forests in question are home to the endangered Siberian tiger.

October 8, 2013

The latest catalog from Lumber Liquidators is here, featuring over 70 new flooring options and offering a window into the latest industry trends.

"As Lumber Liquidators has grown, we've developed a keen eye for trends that create our flooring mix," said president and CEO Robert M. Lynch. "We constantly receive feedback from consumers at our more than 300 retail locations and balance that with staying on top of design inspirations from around the world."

October 4, 2013

Lumber Liquidators has helped create more than 50 "home-away-from-homes" for families, through its support for Ronald McDonald House Charities (RMHC).

Lumber Liquidators' latest support of RMHC included donating more than $8,000 in bamboo flooring to the Ronald McDonald House of Pittsburgh.

October 1, 2013

Lumber Liquidators’ stock leveled off some on Monday with a decrease of 0.45% after plummeting 5-plus percentage points on Friday after the Feds raided its headquarters.

© 2014 Home Channel News. All Rights Reserved.