Does Lumber Liquidators Have Flooring In Stock. Lumber liquidators has lost about 80% of its value since february 2015, when questions over formaldehyde in laminate flooring first surfaced. Certain types of laminate flooring made by lumber liquidators (ll) have a greater risk of causing cancer or other health problems than previously believed, u.s.
Shop laminate flooring, handscraped and engineered hardwood, bamboo floors, cork, vinyl & more at incredibly low prices. Lumber liquidators might be a professional when it comes to flooring, but it's looking amateurish when dealing with a crisis. Lumber liquidators flooring was started in 1994 by tom sullivan, a building contractor who began purchasing excess wood from other companies.
Flooring retailer lumber liquidators suffers from negative sentiment four years after a scandal and is being pinched by tariffs on chinese imports, but two years ago, the stock surged by 36% in one day after it reported a quarterly profit for the first time in years.
While there, undercover reporters learned from factory managers that lumber liquidators has been selling laminate flooring containing levels of formaldehyde — higher than the legal levels. The stock has dropped about 30 percent since the march 1 report. Lumber liquidators continues to be at the heart of a controversy regarding high emissions of formaldehyde in certain laminate flooring sourced from a company spokesman did not respond to questions on whether consumers would be reimbursed for buying or replacing the laminate flooring. Ll flooring (formerly lumber liquidators flooring) is an american retailer of hardwood flooring.