For the second quarter, net sales were $283.5 million, an increase of 7.6% over last year. The firm will relocate headquarters to Richmond, Virginia and plans to exit its finishing business.
A memorandum of understanding should settle class action suit over mislabeled Chinese-laminate flooring sold by Lumber Liquidators (NYSE: LL) that contained formaldehyde.
The judge overseeing litigation over Lumber Liquidator’s Lacey Act violations and hazardous laminate wood flooring axed California state law false advertising claims and Illinois state consumer fraud claims.
RJD Green says it sold its first Silex Interiors franchise, a cabinetry and countertop business, reaching a market lying between Home Depot and general contractors.
Lumber Liquidators CEO John Presley resigned, and COO Dennis Knowles takes over his job. Presley shepherded the company through an extremely turbulent period following revelations of formaldehyde and mislabeling of laminate flooring as CARB compliant.