Lumber Liquidators Fires Chief Merchandising Officer

Lumber Liquidators said Monday that it's fired Chief Merchandising Officer William Schlegel after serving more than four years in the position. Schlegel's last day will be Friday, the troubled flooring retailer said. He will be replaced by Chief Marketing Officer Marco Pescara, who will hold both roles. Pescara has been with the company for nine years. Lumber Liquidators didn't say why it was firing Schlegel, and a representative didn't immediately respond to a request for comment.