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Fortunoff to return; will open 6 'outdoor' stores
Photo credit: Frank Koester, 2009 | No. 9: FORTUNOFF CLOSES
It was the retail icon of Long Island, a department store where generations shopped, trusting the value of its jewelry and home goods. No matter. News broke on Feb. 5 that the organization was closing, laying off about 378 people. During the summer, the families that owned and operated Fortunoff for four generations paid $1.8 million for their famous brand, its Internet domain names and customer lists.
>>Read more: Newsday's coverage of Fortunoff's troubles
Fortunoff's outdoor stores are making a comeback.
A Houston-based outdoor furniture retailer has formed an alliance with a member of the Fortunoff family and two former executives to open six Fortunoff Backyard Stores on Long Island and New Jersey on Feb. 1.
The Chair King, which has 18 outdoor furniture stores in Texas, last week purchased a controlling interest in Furniture Concepts...
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