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"A lot of my friends in the business were warning me that this was coming," Lodato said.
The furloughed workers represent 57% of the Stamford-based company's workforce.
The new store takes over the space previously occupied by the now-defunct Babies 'R' Us chain.
“I am adamant about painting kitchen cabinets, because everyone now wants a white kitchen,” said Lisa Hynes, owner of Stage to Show.
With state and county incentive packages, the furniture retailer plans to open a regional distribution center in the Village of Montibello.