Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
An Enclave of Wealth Mourns the Loss of Its Kmart
An Enclave of Wealth Mourns the Loss of Its Kmart
Discount chain is closing its last full-size superstore in the mainland U.S. on Sunday in the Hamptons, a sad milestone for shoppers in the upscale Long Island area
{snip picture}
Kmart has long commanded prime real estate in Bridgehampton, N.Y., anchoring a shopping center on the sole highway in and out of the Hamptons.
Kmart has long commanded prime real estate in Bridgehampton, N.Y., anchoring a shopping center on the sole highway in and out of the Hamptons. JOHNNY MILANO FOR WSJ
By Alyssa Lukpat and Suzanne Kapner
Oct. 18, 2024 at 5:30 am ET
BRIDGEHAMPTON, N.Y.—The Kmart store is down the road and a world away from local Chanel and Gucci outlets, a rare oasis for bargains in the Hamptons.
On Sunday, luxury goods will triumph over low prices. Kmart No. 9423, the last full-size superstore in the mainland U.S., closes its doors this weekend, ending a chapter in America’s retail story. Locals, from working stiffs to the wealthy, will mourn its passing.
“This is the only place normal people can afford to shop in the Hamptons,” said Neide Valeira, a deputy budget officer for a nearby town. … Valeira, 59 years old, and her daughter Samantha Dossantos, 25, went for maybe their final trip on a recent Saturday. They grabbed tarps from a discount bin to cover fireplace wood, as well as compost for their garden.
Since the late 1990s, the Bridgehampton Kmart commanded prime real estate, anchoring a shopping center on the sole highway in and out of the Hamptons, where the average home sales price is around $3 million.
{snip}
Discount chain is closing its last full-size superstore in the mainland U.S. on Sunday in the Hamptons, a sad milestone for shoppers in the upscale Long Island area
{snip picture}
Kmart has long commanded prime real estate in Bridgehampton, N.Y., anchoring a shopping center on the sole highway in and out of the Hamptons.
Kmart has long commanded prime real estate in Bridgehampton, N.Y., anchoring a shopping center on the sole highway in and out of the Hamptons. JOHNNY MILANO FOR WSJ
By Alyssa Lukpat and Suzanne Kapner
Oct. 18, 2024 at 5:30 am ET
BRIDGEHAMPTON, N.Y.—The Kmart store is down the road and a world away from local Chanel and Gucci outlets, a rare oasis for bargains in the Hamptons.
On Sunday, luxury goods will triumph over low prices. Kmart No. 9423, the last full-size superstore in the mainland U.S., closes its doors this weekend, ending a chapter in America’s retail story. Locals, from working stiffs to the wealthy, will mourn its passing.
“This is the only place normal people can afford to shop in the Hamptons,” said Neide Valeira, a deputy budget officer for a nearby town. … Valeira, 59 years old, and her daughter Samantha Dossantos, 25, went for maybe their final trip on a recent Saturday. They grabbed tarps from a discount bin to cover fireplace wood, as well as compost for their garden.
Since the late 1990s, the Bridgehampton Kmart commanded prime real estate, anchoring a shopping center on the sole highway in and out of the Hamptons, where the average home sales price is around $3 million.
{snip}
You can read the article here:
https://www.msn.com/en-us/money/companies/an-enclave-of-wealth-mourns-the-loss-of-its-kmart/ar-AA1suE2g