Content about Liquidator

October 27, 2011
Lumber Liquidators profit soars 57.2% in Q3

Flooring retailer Lumber Liquidators reported that net income in the third quarter rose 57.2% to $6.7 million, compared with $4.3 million in the year-ago period.

Toano, Va. -- Flooring retailer Lumber Liquidators reported Thursday that net income in the third quarter rose 57.2% to $6.7 million, compared with $4.3 million in the year-ago period.

Sales surged 16.8% to $172 million in the quarter, and same-store sales increased 3%.

The retailer has opened 33 new store locations in 2011, including six opened during the third quarter. It plans to open seven to nine new stores in the fourth quarter.

July 14, 2011
Borders moves closer to liquidation as bankruptcy court judge okays Borders auction

Borders Group moved closer to liquidation after a judge on Thursday approved its motion to auction itself off with an offer from liquidators as its opening bid.

New York — Borders Group moved closer to liquidation after a judge on Thursday approved its motion to auction itself off with an offer from liquidators as its opening bid. The retailer said it will accept bids until 5 p.m. Sunday and will give notice by Monday if no other bidder emerges.

June 17, 2011
Borders extends leases on 11 stores

Borders Group has reached agreements with its landlords to extend the leases on 11 stores it had previously asked a bankruptcy court to shutter, the Associated Press reported.

New York City -- Borders Group has reached agreements with its landlords to extend the leases on 11 stores it had previously asked a bankruptcy court to shutter, the Associated Press reported.

Last week, the chain asked permission to start liquidating 51 stores because of a condition for its financing. But it said at the time it was actively working to keep them open.

December 21, 2010
Lumber Liquidators makes exec appointment

Lumber Liquidators announced the appointment of Robert M. Lynch as the company's president and COO, with an anticipated start date is January 17, 2011.

Toano, Va. - Lumber Liquidators announced the appointment of Robert M. Lynch as the company's president and COO, with an anticipated start date of Jan. 17, 2011.

August 4, 2010
Lumber Liquidators Q2 income climbs 32%

Hardwood flooring retailer Lumber Liquidators said Wednesday strong consumer demand drove an increase in revenue,...