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Sales are up at Lumber Liquidators

BY HBSDEALER Staff

The important spring remodeling season was good to Toano, Va.-based Lumber Liquidators.

The flooring retailer’s net sales increased 22.2% to $257.1 million in the second quarter, as comparable-store sales increased 14.9%. 

Net income for the company increased to $20.4 million in the three months ended June 30, up from $12.2 million in the same quarter last year. 

The 300-plus location retailer opened seven new stores in the quarter, and is experimenting with a new prototype design.

“Since the end of 2008, we have doubled our footprint and provided more than 1.9 million customers with their flooring solution,” said Robert Lynch, president and CEO. “We believe our new ‘store of the future’ format is resonating well with a broader base of customers, and we look forward to bringing our total store count in this new format to approximately 50 by year-end.”

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HCN Stock Watch: SHLD takes a dip

BY HBSDEALER Staff

Tuesday’s closing figures were a mixed and fairly uneventful bag, though Sears did take a notable blow of -4.06%.

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Edgeware responds to trademark ruling

BY HBSDealer Staff

In response to the recent HCN article highlighting EdgeCraft Corporation’s trademark litigation against the Smith’s Consumer Products Edgeware brand, Smith’s CEO Dan Glidden has released the following statement:

“We were disappointed to learn about the decision handed down regarding our Edgeware trademark registrations. While we strongly disagree with this decision, Smith’s Consumer Products, Inc., with over 127 years of experience in the knife sharpening category , stands behind our extensive line of Edgeware and Smith’s sharpening products and kitchen tools.
 
The United States Patent and Trademark office granted Smith’s a valid Edgeware trademark in 2009 and we have subsequently used the Edgeware name in good faith and in compliance with all legal requirements. We have worked diligently to build a strong brand and we are fully committed to continue providing our retail partners with innovative, quality knife sharpeners and kitchen tools for the home cook. At this point we are evaluating our options and are committed to resolving this issue as quickly as possible.”

Last week, a panel of federal judges ruled in favor of EdgeCraft, whereupon Smith’s must now cancel its three Edgeware trademark registrations.

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