Throwback Thursday is a weekly feature in which we dip into the Hardlines Weekly Report archives.
Ten years ago (Aug. 5, 2013) we reported on the excellent Q2 results of Lumber Liquidators. In that year, second quarter sales were up 22 percent, while same store sales were up 15 percent. The Virginia-based flooring retailer had just opened its 300th store. It was growing in Canada, too, where it planned to have between 36 and 40 stores.
Since then, much has changed for the flooring giant, both good and bad. In 2015, the chain took a hit to its reputation when the TV show 60 Minutes reported that Lumber Liquidators was selling laminate from China that contained damaging levels of formaldehyde. It has now largely closed its Canadian operations. In 2020, the company officially rebranded as LL Flooring. The chain now has now grown to 410 locations, most of them in the U.S.