Mon, Jun. 15, 8:51 AM
- Lumber Liquidators (NYSE:LL) announces it promoted Marco Pescara to serve as its Chief Merchandising and Marketing Officer.
- The move will combine the marketing and merchandising departments under Pescara's control.
- Chief Merchandising Officer William Schlegle has been let go to make way for Pescara.
- LL -1.77% premarket.
Fri, Jun. 12, 11:22 AM
Mon, Jun. 8, 1:39 PM
- Lumber Liquidators (LL -4.3%) trades lower in reaction to questions being raised by the EPA on the company's do-it-yourself home testing method and some claims around formaldehyde contamination.
- The government agency is also pointing out that it doesn't have established standards on formaldehyde, although rules proposed in 2013 could be implemented this year.
- EPA statement on Lumber Liquidators
Thu, May 21, 9:16 AM
Thu, May 21, 8:37 AM
Tue, May 19, 11:09 AM
Tue, May 12, 8:12 AM
- Lumber Liquidators (NYSE:LL) is lower in early trading after reports emerge indicating insurance companies are refusing to defend the company in class-action lawsuits.
- The insurers are leaning on some of the fine print in the policies to avoid jumping into the cases.
- Lumber Liquidators has filed breach of contract lawsuits against several of the insurance companies in response.
- LL -2.39% premarket to $27.39.
Thu, May 7, 9:23 AM
Fri, May 1, 9:30 AM
- Xuhua Zhou, who raised the original red flag on Lumber Liquidators' floors back in 2013, says Lowe's (NYSE:LOW) floors are riddled with the same formaldehyde issues that sent LL's stock into a tailspin after the infamous 60 Minutes segment on March 1.
- Independent tests show that one of Lowe's floors scores 10x the allowed formaldehyde threshold. To put that in context, 60 Minutes tested 31 samples from Lumber Liquidators; Lowe's Chocolate Cherry Hickory would have been the third worst of all 31 samples. The results from Lowe's were 1.134 ppm. The CARB 2 threshold is 0.11 ppm.
- 60 Minutes seems to have taken Global Community Monitor's testing of Home Depot (NYSE:HD) and Lowe's products at face value, and did no independent testing. Still, Zhou's research suggests that Home Depot's flooring is CARB 2 compliant.
- Source: Lowe's Laminate Flooring May Have Issues Similar To Lumber Liquidators'
- Note: LOW puts were 20x more active than usual yesterday
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Wed, Apr. 29, 12:45 PM
Wed, Apr. 29, 9:17 AM
Wed, Apr. 29, 7:35 AM
- Lumber Liquidators (NYSE:LL) reports comparable-store sales fell 1.8% in Q1 on a 4.4% drop in customers invoiced.
- The comp was -17.8% during the month of March (60 Minutes aired its damaging piece on March 1).
- The company's gross margin rate fell 590 bps to 35.2% due to promotional pricing in the quarter.
- SG&A expense rate +550 bps to 37.5%.
- Guidance: Q2 sales through April 27 are down 1.9% Y/Y. The company expects a gross margin rate of 31% to 32% for April. No full-year guidance is issued.
- Previously: Lumber Liquidators misses by $0.44, beats on revenue
- LL -13.1% premarket to $29.05.
Mon, Apr. 6, 8:20 AM
- Lumber Liquidators (NYSE:LL) is seeing some buying action in early trading.
- A bullish note Raymond James on testing of laminated wood flooring products is sparking the mini-rally.
- The investment firm's message is similar to Lumber Liquidators claim that products comply with the standards set by the California Air Resource Board.
- LL +2.44% premarket to $34.01.
Wed, Apr. 1, 11:07 AM
- Lumber Liquidators (LL +4.6%) spikes higher on strong volume with some buzz over a posting by the EPA on proposed rules for formaldehyde standards with wood products.
- Shares of LL should be watched closely as the EPA doesn't make mention of Lumber Liquidators specifically in its statement - contrary to what some traders are claiming.
- EPA website update
Wed, Mar. 25, 1:14 PM
- Lumber Liquidators (LL +7.2%) trades higher after the CPSC presser.
- Investors seem to be gauging the testing method of the federal agency to be potentially less restrictive than the style of the California Air Resources Board.
- The CPSC plans to test finished products for formaldehyde released into the environment contrary to how 60 Minutes and CARB conducted its tests on the deconstructed products.
- Shares of LL are still down over 50% since 60 Minutes came calling.
- Previously: Lumber Liquidators spikes ahead of CPSC call
Wed, Mar. 25, 10:26 AM
- The Consumer Product Safety Commission confirms it's investigating Lumber Liquidators (NYSE:LL) over the safety of laminate products.
- CPSC Chairman Elliot Kaye says the probe will take several months to complete.
- Shares of Lumber Liquidators are 9.8% higher on heavy volume just as a CPSC press conference begins.
- Details to follow.
LL vs. ETF Alternatives
Lumber Liquidators Holdings Inc is a specialty retailer of hardwood flooring in North America. It offers products including domestic hardwood species, engineered hardwood, laminate, vinyl plank, bamboo and cork.
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