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