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jordanlund@lemmy.world to Not The Onion@lemmy.worldEnglish · 8 months ago

Chain once known as Lumber Liquidators is going out of business, will be liquidated

finance.yahoo.com

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Chain once known as Lumber Liquidators is going out of business, will be liquidated

finance.yahoo.com

jordanlund@lemmy.world to Not The Onion@lemmy.worldEnglish · 8 months ago
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It’s known as LL Flooring these days.

cross-posted from: https://lemmy.world/post/19460188

  • Jimmycakes@lemmy.world
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    8 months ago

    How can a lumber business go out of business with lumber prices in the last few years. Shouldn’t they be printing money

    • jordanlund@lemmy.worldOP
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      8 months ago

      Turned out, selling cheap Chinese material compromised with formaldehyde wasn’t the bargain it was made out to be…

      https://artisanwoodfloorsllc.com/hardwood-flooring-blog/the-lumber-liquidators-lawsuit-explained-and-the-dangers-of-formaldehyde-flooring/

      https://m.usw.org/blog/2019/lumber-liquidators-agrees-to-33-million-penalty-for-dangerous-made-in-china-flooring

    • Buttflapper@lemmy.world
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      8 months ago

      Well, for one thing, if you position yourself as a liquidator or selling stuff for a bargain, and your prices are the exact same as the rest of the market, then you really don’t have anything to offer. I’m assuming that’s what happened to them. Lumber is so damn expensive that they have no bargain value anymore. Why would you go to a lumber liquidator if you are paying the exact same amount as anywhere else?

    • Jax@sh.itjust.works
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      8 months ago

      Not if the owners have any character

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