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Lumber Liquidators: Hardwood Niche

July 17, 2014

Lumber Liquidators is a company listed in the New York Stock Exchange.  It traces its origin back to 1983 when Tom Sullivan, a building contractor, began purchasing excess wood that other companies didn’t need and reselling it from the back of a trucking yard in Stoughton, Massachusetts.

In the succeeding years, aside from opening new stores the company also kept moving its headquarters due to its growing size and the need for more room. Over the past 20 years the company has grown steadily, with stores in 46 states and more than 1,000 employees. Today company headquarters is located in a 306,000 sq. ft. production center in Toano, Virginia.  It has hundreds of locations in the US and Canada and continues to expand throughout North America.  The firm boasts of having one of the largest inventories of prefinished and unfinished hardwood floors in the industry.

Growth has also included acquiring certain assets of Sequoia Floorings Inc. in China in September 2011. Lumber Liquidators announced in June 2013 that it had opened its 300th store, located in Las Vegas, Nevada.

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