Lumber Liquidators will reportedly stop selling its laminate flooring sourced in China. The stock rose by up to 3% in pre-market trading. It's down 47% since March 1, when CBS' "60 Minutes" aired a documentary that detailed apparent violations of regulatory standards on laminate flooring sourced from China. In a statement, the company said (emphasis added): "Based on the review to date, it appears that the Company's Chinese laminate flooring suppliers have sold product to the Company that the...
Lumber Liquidators will stop selling its controversial laminate flooring sourced from China (LL)
Business Insider - 7 May 2015 13:47
Lumber Liquidators will reportedly stop selling its laminate flooring sourced in China. The stock rose by up to 3% in pre-market trading. It's down 47% since March 1, when CBS' "60 Minutes" aired a documentary that detailed apparent violations of regulatory standards on laminate flooring sourced from China. In a statement, the company said (emphasis added): "Based on the review to date, it appears that the Company's Chinese laminate flooring suppliers have sold product to the Company that the...
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