TOANO, Va., Oct. 23, 2014 /PRNewswire/ -- Two decades after a modest start out of a pickup truck in Stoughton, Mass., Lumber Liquidators (NYSE: LL), the largest specialty retailer of hardwood flooring in North America, is celebrating its milestone 20th anniversary.
From the beginning, Lumber Liquidators has focused on selling high-quality products at unbelievable prices. Tom Sullivan founded the Company by purchasing excess wood from companies and reselling it to customers at a discount. Not long after, Lumber Liquidators began negotiating directly with mills, eliminating the middleman so it could pass savings on to customers.
As the number of Lumber Liquidators stores kept climbing, the Company refined a customer service philosophy centered on a knowledgeable staff selling a large, diverse and high-quality assortment of hardwood flooring at unheard of low prices.
An unrelenting focus on these core business fundamentals has fueled Lumber Liquidators' incredible growth. It now has hundreds of stores and more than 1,000 employees.
Mr. Sullivan commented, "To look back and see how far we've come in 20 years is almost like a dream. We've gone from a tiny operation to having served more than 2 million people and, along the way, changed the way hardwood flooring is sold. Our customers know that the value and quality of their floors are unmatched."
Giving back to the community has also been an important part of Lumber Liquidators over time. It has been a strong supporter of organizations including Ronald McDonald House Charities, No Barriers, ShelterBox and many others in markets where the Company has stores. Lumber Liquidators consolidated all giving under its "Lay It Forward" program. Just as laying down a new hardwood floor has lasting benefits, the program's vision is to support organizations focused on benefiting future generations, which is the core idea that drives the enduring quality and sustainability of Lumber Liquidators' products.
Current Sale A Window Into History
Lumber Liquidators' third annual Yard Sale – which is running at all retail locations and online from Oct. 23-27 – is a perfect example of how the Company adheres to the tenets Sullivan established 20 years ago.
Suppliers and mills often assess their inventory in October and clear out product lines before the end of the year. Coincidentally, this is an important home improvement season as consumers look to upgrade their homes before the holidays. Lumber Liquidators purchases these products at discounted rates and passes the savings directly on to customers.
Robert M. Lynch, President and Chief Executive Officer, commented, "Our customers value how the Yard Sale hits in the middle of the fall home improvement season. We love the sale because it is uniquely authentic to who we are as a Company."
During the sale, Lumber Liquidators is offering 20-month financing on its entire inventory, a nod to the Company's historic milestone. In addition, all styles of the premier Bellawood brand will be up to $1 off per square foot.
The Yard Sale will also feature hundreds of flooring deals as well as 19-cent laminate and 50 percent off clearance tools. To celebrate, the Company is also holding a "Share the Sale" sweepstakes where both the winner and a friend receive $1,000 of flooring.
About Lumber Liquidators
In its 20th year and with more than 350 locations, Lumber Liquidators is North America's largest specialty retailer of hardwood flooring. The Company features more than 340 top quality flooring varieties, including solid and engineered hardwood, bamboo, cork, laminate and resilient vinyl. Additionally, Lumber Liquidators provides a wide selection of flooring enhancements and accessories to complement, install and maintain your new floor. Every location is staffed with flooring experts who can provide advice and useful information about Lumber Liquidators' low priced product, much of which is in stock and ready for delivery.
With premier brands including Bellawood Prefinished Hardwood and Morning Star Bamboo, Lumber Liquidators' flooring is often featured on popular television shows such as HGTV's Dream Home and This Old House. For more information, please visit www.LumberLiquidators.com or call 1.800.HARDWOOD.
Lumber Liquidators aims to be the industry leader in sustainability. For more information, please visit www.LumberLiquidators.com/Sustainability. Learn more about our corporate giving program at LayItForward.LumberLiquidators.com. You can also follow the Company on Facebook and Twitter.
For further information contact:
Lumber Liquidators Investor Relations
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SOURCE Lumber Liquidators