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Some Lumber Liquidators flooring contains toxic formaldehyde levels, report finds

Lumber Liquidators, a highly profitable chain of 279 retail stores selling engineered wood and laminate flooring products, is one of the nation’s largest flooring companies. Last year the company sold more than $800 million in flooring product and its stock prices soared amid attractive profit margins and news that its aggressive growth plan aimed to double the number of retail outlets in just about every state. But blogger and investor Xuhua Zhou reveals that some of Lumber Liquidators’ Chinese-made flooring contains levels of formaldehyde that are both illegal and potentially toxic to consumers – a concern that is echoed by ... Read More