Lumber Liquidators Business Ethics

Established in 1993 by Tom Sullivan, Lumber Liquidators has been a successful company for 25 years. According to Lumber Liquidators website, Tom Sullivan began to purchase left-over wood from other companies and then sold it to other people in the back of a trucking yard in Massachusetts (About Us, n.d.). After finding success selling the left-over, wood he was then able to open his first store about three years later. On January 5th, 1996, in West Roxbury, Massachusetts, the first Lumber Liquidators store opened. On their first day of business, they even sold 150 square feet of wood. Months later they decided to open another store due to their overwhelming success in Connecticut. From there they have continued to grow and stretch out across the entire United States. They currently have stores in 46 states and have more than 1,000 employees. They even have stores located in Canada, so they are continuing to grow across North America. One thing that the company likes to pride itself on is their wide variety of finished and unfinished woods available for sale. This is not the only type of wood flooring that Lumber Liquidator sells, the store sells both solid and engineered hardwood flooring, laminate flooring, a

According to Merriam-Webster Dictionary ethics is defined as a set of moral principles ( Ethic, n.d.). Ethics affect us on a daily basis because they help guide us to decide what is right and what is wrong. Companies are also affected by these decisions when they are conducting business. Companies tend to have a beneficial outcome when promoting good ethics in business. This can help corporations gain and retain the loyalty of investors, employees, and clients. Yet when companies begin to conduct unethical business, they begin to lose the trust of not only their investors and customers but also their employees