Controversy chops into Lumber Liquidators' sales

April 2, 2015 12:11 PM

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The bad publicity buzz saw has chopped into Lumber Liquidators' sales, although not as severely as expected.

Same-store sales at the discount flooring retailer tumbled nearly 18% in March following a 60 Minutes report alleging dangerously high levels of the carcinogen formaldehyde in its China-sourced flooring products.

Also read: J.C. Penney to shut 130-plus stores, offer early retirements

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