The largest wood flooring distributor in the U.S., Hoboken Wood Flooring LLC, Wayne, NJ, has shut its doors, according to news reports.
According to a report this week from local paper The Record, sales had fallen about 25% each month for the past year -the distributor’s commercial business development manager attributed the losses to the housing downturn, competition from manufacturers going direct, the company’s push to expand nationally and potentially even go public.
The next step for Hoboken is to file for bankruptcy, though no officials from Hoboken have said whether they would do so. The distributor is already facing a lawsuit from two wood flooring manufacturers, Columbia Flooring Inc., and Millwood Specialty Flooring Inc., filed in New Jersey …
