Retail flooring giant Lumber Liquidators will implement a series of changes to help it resist the COVID-19 pandemic, the company recently announced. Those changes include cutting costs, deferring payments, and working to temporarily expand its credit facility.
Lumber Liquidators saw shares climb 18.6 percent in a single day after an investor shared a bullish case for the company's stock on Reddit.
After analysts at Morgan Stanley downgraded the flooring retailer's stock Tuesday, its shares slid 10 percent.
The U.S. Trade Representative has ruled to retroactively exclude certain flooring products imported from China from the current 25 percent tariff.
It appears that Lumber Liquidators has settled its legal dispute with its founder and former CEO Tom Sullivan's company, Cabinets To Go.
Retail flooring giant Lumber Liquidators has agreed to pay as much as $30 million to settle a lawsuit involving allegedly defective bamboo flooring.
Hardwood flooring giant has paid regulators $33 million to settle its formaldehyde flooring scandal.