Profile: Lumber Liquidators Holdings Inc (LL.N)
18 Dec 2013
Lumber Liquidators Holdings, Inc. (Lumber Liquidators) is retailer of hardwood flooring, and hardwood flooring enhancements and accessories. The Company offers an assortment of wood flooring, which includes prefinished domestic and exotic hardwoods, engineered hardwoods, unfinished hardwoods, bamboo, cork and laminates, as well as resilient flooring. Its flooring enhancements and accessories include moldings, noise-reducing underlay and adhesives. Lumber Liquidators and Bellawood are it brands. Its hardwood flooring products are available in various widths and lengths. It offers approximately 350 different flooring product stock-keeping units. In September 2011, it acquired certain assets of Sequoia Floorings Inc. (Sequoia) relating to Sequoia’s quality control and assurance, product development and logistics operations in China.
In June 2013, Lumber Liquidators Holdings Inc announced that the Company has opened its 300th store, located in Las Vegas, Nevada.
During the year ended December 31, 2011, the Company opened 40 stores. As of February 20, 2012, the Company operated 266 stores located in 46 states and Canada. During 2011, Lumber Liquidators opened its first stores in Canada. It operates a central distribution center located in Hampton, Virginia, supplemented by its facilities in Toano, Virginia. In addition, it operates a facility in Toronto, Canada, with both a store front and a small warehouse serving that metropolitan market. In 2011, Lumber Liquidators finished approximately 79% of its Bellawood products at its finishing facility in Toano, Virginia.
The Company’s solid hardwood products are milled from one thick piece of wood, which can be sanded and refinished numerous times. It offers flooring products made from more than 25 wood species, including both domestic woods, such as ash, beech, birch, hickory, northern hard maple, northern red oak, pine and American walnut, and exotic woods, such as bloodwood, cherry, cypress, ebony, koa, mesquite, mahogany, rosewood and teak. Lumber Liquidators sells these products either prefinished or unfinished.
The Company’s engineered hardwood products are produced by bonding a layer of hardwood to a plywood or fiber board backing. Its engineered hardwood floors are offered in domestic and exotic wood species, and in either glue down or floating application. All of its engineered hardwood products are prefinished. Engineered flooring is designed primarily to be installed in areas where hardwood is not conducive, such as slab construction, basements and areas where moisture may be a factor.
Lumber Liquidators Holdings, Inc.’s laminate flooring is constructed with a fiber board core, inserted between a melamine laminate backing and photographic paper displaying an image of wood and a ceramic finish, abrasion-resistant laminate top. Its laminate flooring brands allow for easy-click installation, and some include a pre-glued undersurface, moisture repellent, soundproofing, single-strip format or a handscraped textured finish.
Moldings and Accessories
Lumber Liquidators offer a variety of wood flooring moldings and accessories. It sells stair treads and risers in both finished and unfinished versions. Accessories include underlayments that are placed between the new floor and the sub-floor, insulating sound and cushioning the floors. In addition, it sells installation supplies, such as sealers, adhesives and trowels, floor cleaning supplies, and butcher-block kitchen countertops.
Bamboo and Cork
The Company’s bamboo products, harvested from the bamboo plant, are offered as a prefinished, natural or stained, solid or engineered floor. Its cork flooring is produced by harvesting the outer bark of the cork oak tree.
Lumber Liquidators Holdings Inc
3000 John Deere Road
TOANO VA 23168