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Thank you very much for your responses. Both of you make some very valid points, which is very helpful.
I understand that you get what you pay for.
When it comes to the internet, what you see is not exactly what you get. I went to a JC Penny showroom and the furniture was decent. Unfortunately it was a very small showroom and did not have all their products.
What is unfortunate about the "Made in China" label is that there is a possibility that the furniture that is made in America was created from materials from China. I am going to hold off on buying a couch for now since my current couch has a couple of years left. But I will be looking at getting an ottoman and a media center
For now I just want something neat and presentable and there is no problem with having to dispose it in the near future.
I am also looking at Sears and Home and Living.
http://www.homeandliving.com/living-room-futons.html
Is there anything I should be aware of in terms of delivery and if I have to do a return?