Mooresville, N.C.—Lowe’s, the home improvement retailer, has halted sales of some of its Chinese-made laminate flooring “out of an abundance of caution” after a financial blogger said that it may have the same issues with formaldehyde that dogged Lumber Liquidators.
Lowe’s recalled its Tecsun line of flooring, which was only sold online, and plans to do an investigation, according to a spokesman.
Back in June 2013, financial blogger Xuhua Zhou claimed that Lumber Liquidators flooring sourced in China had toxic levels of formaldehyde in a blog post on Seeking Alpha. Zhou, who said he’s an individual investor that is shorting Lowe’s stock, wrote new allegations about Lowe’s.