February 26, 2015

It looks as though there are two sources of legal strife brewing for the hardwood flooring retailer.

October 22, 2014

Lumber Liquidators reported sales gains for the third quarter ended Sept. 30, though its revenues fell on the lower end of its guidance and below those of Wall Street.

The company also updated its full-year expectations for 2014: net sales are expected to fall within the range of $1.05 billion to $1.065 billion, compared to $1.05 billion to $1.10 billion. Earnings per diluted share are expected to come in at a range of $2.38 to $2.52, down from the previous guidance of $2.65 to $3.00.

September 15, 2014

Toano, Virginia-based Lumber Liquidators has rolled out its latest product catalog for the fall, which includes 60 new flooring choices and insights into new flooring trends.

"We continually stay on top of design trends from around the world and then work directly with major mills to ensure the lowest prices possible on the highest quality flooring," said president and CEO Robert Lynch.

So what's on tap for fall? Grayscale is one trend the industry may be seeing more of, with various shades of gray flooring cropping up in contemporary design schemes.

June 3, 2014

Lumber Liquidators has taken some steps in the aftermath of the investigation it underwent last fall after an environmental advocacy group leveled chargers against the retailer, claiming it was knowingly sourcing wood from protected forests.

Among those steps is the formalization of its compliance and sustainability team, the members of which it announced on Tuesday.

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."

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%.

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.

June 6, 2013

Toano, Va.-based Lumber Liquidators, the nation's largest specialty retailer of hardwood flooring, appointed Sandra C. Whitehouse as senior VP and chief human resources officer.   

Whitehouse, who is expected to begin her new role later this month, will oversee the development and operation of the company's human resources functions, and will report directly to CEO Robert Lynch.   

September 27, 2012

Lumber Liquidators says it has about 10% to 11% of the flooring market in its wood categories — hardwoods and laminates — and a respectable 1% of all flooring. The company wants more, and one tried-and-true strategy is to broaden the assortment along with the product mix.

That includes tools.

“We are bringing in all the [tools] that you need to complete your project,” said president and CEO Robert Lynch during a Goldman Sachs investor conference in September.

July 25, 2012

Toano, Va.-based Lumber Liquidators reported second-quarter sales of $210.3 million, up 19.9% from the same quarter a year ago. 

Comparable-store sales increased 12.4% for the quarter, as net income increased to $12.2 million, up from $5.3 million in the year-ago quarter.

November 28, 2011

Flooring retailer Lumber Liquidators has announced that Robert Lynch, its current president and chief operating officer, will succeed current CEO Jeffrey Griffiths on Jan. 1, 2012. As part of the company’s succession plan, Griffiths will also retire from the board of directors at the same time.

March 8, 2011

Orchard Supply Hardware has named retail veteran Mark Baker as its new president and CEO. Baker will replace Robert Lynch, who left last December to take a job as president and chief operating officer at Lumber Liquidators.

March 1, 2011

Lumber Liquidators, a nationwide retailer of hardwood flooring, has hired William Schlegel as its chief merchandising officer, effective March 14, 2011. 

In this position, Schlegel will oversee the company's merchandising, replenishment and allocation and global sourcing activities. He reports directly to Robert Lynch, president and CEO. 

December 21, 2010

Hardwood flooring retailer Lumber Liquidators has announced the appointment of Robert Lynch as president and chief operating officer. He will oversee the company's merchandising, supply chain and store operations, including the respective senior VPs of these areas. Lynch, who starts his new position on Jan. 17, 2011, will report directly to CEO Jeffrey Griffiths.