The Real Deal New York

The bad economy has reached the East End, as Hamptons business owners report slowing sales, but say that the influx of Europeans taking advantage of the weak dollar are off-setting its effects. Business owners are feeling a 5 to 10 percent decline in sales, especially smaller, expensive stores that rely on a local clientele. Some businesses, like the seafood eatery B. Smith are seeing better sales than expected, thanks to the European influx. The Real Deal features a series of stories on the Hamptons in this month’s issue.