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Balenciaga & Michael Kors Hammies-Bound

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Michael Kors and Balenciaga are heading east this summer. Kors is opening a 1,050 square foot multi-label store on May 27 at 30 Main Street in Southampton and Balenciaga will open a 900 square foot space at 54 Main Street in Easthampton—in a former Brooks Brothers space. "Retail brokers in East Hampton said there's more demand for space this year," says WWD, "but rents are still not back to their prerecession levels of about $200 a square foot. Rather, Main Street is fetching about $125 a square foot, while Newtown Lane is getting around $100 a square foot, said Hal Zwick, a retail broker at Devlin McNiff in East Hampton." [WWD]