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It … Admittedly, we’ve been more focused on our sustainability efforts than communicating broadly about them. 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 … As Lumber Liquidators increased its reach, it expanded its product offerings to other types of flooring. 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. They are backed by hedge-fund managers who have bet millions on short-selling the stock. A lot of it. 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. 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. I've had my natural maple Bellawood floors for over 4 years and I couldn't happier. Being in the hardwood lumber business I often get questions about the online flooring supplier Lumber Liquidators. Copyright © 2020 Lumber Liquidators, Inc. All Rights Reserved. The only wood products from China in the lumber department are Luan underlayment and wood finials. Most of the lumber doesn't come from China like that other guy said. 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. 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. For example, in 2007 Lumber Liquidators sourced about 18 percent of its wood from South America. And that's how it's done. Lumber Liquidators was much more affordable and Bellawood is a very nice quality floor in my opinion. 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. For more information, please visit www.LumberLiquidators.com/Sustainability. 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. 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. The Financial Impact To Lumber Liquidators. 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. Lumber Liquidators Investor Relations 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. On September 26th agents from the Department of Homeland Security’s Immigration and Customs Enforcement as well as the U.S. Learn more about our corporate giving program at www.LayItForward.LumberLiquidators.com. 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. Lumber Liquidators’ long nightmare is over, but it has a ways to go before it fully recovers from its laminate flooring crisis. The new online content is designed, in part, to enable our communications to catch up with our sustainability initiatives.”. Just as investors at some point need to trust the company. This press release may contain “forward-looking statements” as defined in the Private Securities Litigation Reform Act. “Delivering top-quality hardwood floors for less requires us to be lean, efficient and sustainable in everything we do. Lumber Liquidators. 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 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. While shares of Lumber Liquidators closed up slightly on Friday, investors could barely wait to sell their stock by Monday morning. What does “Random Widths” and “Random Lengths” mean. 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. — -- 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. Additionally, Lumber Liquidators provides a wide selection of flooring enhancements and accessories to complement, install and maintain your new floor. Of the tested samples, only one was compliant with stringent formaldehyde emission standards enforced by the California Air Resources Board. For more information, please visit www.LumberLiquidators.com or call 1.800.HARDWOOD. *Subject to credit approval. Or, choose from bamboo, laminate, wood-look waterproof flooring, and more. 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. 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. Then over the years our clients were always looking towards us to provide their materials for them. The Floor Barn is owned and operated by us, the Heltzel Family. 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 … 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. This fast growing American company has a lot of mixed reviews, most of which are negative. Save on over 400 flooring varieties, including Bellawood Prefinished Hardwood backed by a transferable 100-year warranty. And they know it. Fish and Wildlife Service paid a visit to multiple Lumber Liquidators … 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. I am happy to install B-Wood. Lumber Liquidators is a discount wood floor retailer that offers great variety at low prices. Fish and Wildlife Service paid a visit to multiple Lumber Liquidators locations. Lumber Liquidators Flooring Co. has been in business for over 20 years and … 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. Lumber Liquidators hardwood flooring products have come under Federal scrutiny recently. 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. 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