Chain once known as Lumber Liquidators is going out of business, will be liquidated
Chain once known as Lumber Liquidators is going out of business, will be liquidated
https://finance.yahoo.com/news/chain-once-known-lumber-liquidators-150642278.html
It’s known as LL Flooring these days.
cross-posted from: https://lemmy.world/post/19460188
How can a lumber business go out of business with lumber prices in the last few years. Shouldn't they be printing money
Turned out, selling cheap Chinese material compromised with formaldehyde wasn't the bargain it was made out to be...
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?
Honestly, turning timber into liquid was never a viable business model. The use cases for a liquid form of wood are almost nonexistent outside of bizarre hobbies or fetishes I'd frankly rather not know about.
How would you know? All the paper mills I've ever seen had 3 shifts 7 days a week, and lots of lights.
I remember the founder guy going on prime time TV and lying about having way above the limit of cancer causing chemicals in their flooring.
That was almost ten years ago. Good riddance.
Yeah, I'm looking to buy flooring soon and, for the stuff I want, they're like 50¢/sq.ft. cheaper than Floor & Decor. I guess I'd better go ahead and get it quick!
Do it!!! But if you're buying engineered tile, do yourself a favor and make sure there's a good selection of patterns. My old kitchen had like 5 of the same tile pattern and it drove me crazy because they're in places I couldn't put furniture over
I'm just gonna be getting some plain old 2-1/4" red oak strips. (The kind that was typical "builder-grade" in cheap houses back in the day before wall-to-wall carpet was a thing.)
aw fuck. they bought our good local lumber store. I hope that doesn't get closed.
