Lumber Liquidators to sponsor Pro Bowlers
Hardwood flooring retailer Lumber Liquidators signed a “multi-million dollar” sponsorship deal with the Professional Bowlers Association, according to the Puget Sound (Washington) Business Journal.
Lumber Liquidators plans to sponsor six bowlers as part of the deal, including Patrick Allen, Tommy Jones, Rhino Page, Parker Bohn III, Michael Fagan and Brian Kretzer.
The company will also place its name on the Bowlers Association logo. The Lumber Liquidator sponsorship replaces the association’s former sponsor, Denny’s.
Lumber Liquidators currently has a heavy presence on the association’s Web site, and plans are in the works for other sponsored events and tours, such as the Lumber Liquidators PBA Tour 2008-09; the Baltimore Lumber Liquidators Shark Championship; and the North Brunswick, N.J. Lumber Liquidators U.S. Open.
Based in Toano, Va., Lumber Liquidators has more than 135 stores in the United States.
Appeals court dismisses Home Depot classaction
Home Depot counted a victory in appellate court this week, following a decision by the 11th Circuit Court of Appeals to dismiss a two-year-old fraud class-action lawsuit.
The plaintiffs, all investors, had alleged that Home Depot executives were responsible for inflating its revenues artificially.
The primary plaintiff, the retirement board of Bucks County, Pa., alleged executives at Home Depot made misleading statements that improperly inflated financial results, and other violations under the Private Securities Litigation Reform Act of 1995.
The appellate court unanimously ruled that the class action did not meet the “stringent” requirements of the Reform Act.
Menards plans new store in Northern Illinois
Menards plans a new location in the town of New Lenox, Ill., part of a development that also features a Walmart store, a total 450,000-square-foot retail shopping center.
New Lenox, Ill. is located in the north central part of the state, just west of Joliet, Ill.
City officials welcomed the development at a recent groundbreaking event, saying it is a move that would help local economic development initiatives.
The Menards location is set to be a 240,000-square-foot “Mega Store.” Construction is expected to start on the site in spring of 2009, with an opening planned in 2010. Alongside that, a smaller 176,400-square-foot Wal-Mart Supercenter is planned.