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Lumber Liquidators makes strategic supplier acquisition
Toano, Va. -- Flooring retailer Lumber Liquidators said Friday it will acquire certain assets of Sequoia Floorings in order to strengthen its mill-direct relationships and shore up its long-term sourcing strategies.
Sequoia, a trading company, had provided product quality and development services on approximately 40% of Lumber Liquidators’ 2010 merchandise purchases, primarily those in Asia.
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Family Dollar appoints Edward Garden to board
MATTHEWS, N.C. — The chief investment officer of Trian Fund Management has been named to the board of directors at Family Dollar, the retailer announced.
Edward Garden's appointment as board member is effective immediately. With this appointment, Family Dollar's board expands to 11 directors.