From a reader:
I’m told that Lynnens, the fancy bedding store on the Avenue, is being walloped. Why?
Because Kathy Fuld went in every 1-2 months and spent $20,000 – $40,000 on sheets & towels. She’d get a bunch, try them out in Greenwich, then “triple up” and get the same for all their homes.
Now, apparently, Kathy has “gone to 0” in local shopping. So Lynnens, whose rent is $30,000/month, is really hurting. There surely are other Greenwich stores hurting too. I notice that the place that used to be Mead’s – that entire block is >50% “For Lease”.