CSG Snapshot: Lumber Liquidators
3000 John Deere Rd
Toano, VA 23168
AL, AR, AZ, CA, CO, CT, DE, FL, GA, IA, ID, IL,
IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, NC,
ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI,
SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, ON
CEO: Mr. John M. Presley
CFO: Mr. Gregory A. Whirley, Jr
COO: Mr. Dennis R. Knowles
North America’s largest specialty retailer of hardwood flooring has had a tough time given FY2015 results (FYE 12/31/15). The task that lies ahead for Lumber Liquidators is convincing consumers that they have taken steps to rectify sourcing problems brought to light in a 2015 60 Minutes report. In that report, the show claimed that Lumber Liquidators Chinese-made laminate flooring failed to meet California formaldehyde emissions standards. In March of this year, the company agreed to pay $2.5 million to the California Air Resources Board to resolve an inquiry on the matter without admitting any wrongdoing. In April, it gained a victory in a civil case claiming the company violated California state law. Coming off a fourth quarter during which sales were down 13.7% from the previous year, the work of restoring consumer confidence continues.
Historical Data Source: Chain Store Guide’s Chain Restaurant Operators Database. Estimated growth is based on a proprietary trend analysis. Actual figures are subject to change. This data is not intended for investment decisions.