Downtown Greenwich has lost a movie theater, but gained an Apple Store. There's been some mixed press about Greenwich lately as the town's hedge funds have taken a hit, but Apple is optimistic that local pockets are still deep enough to support the company in its quest for world domination.
There was a time when Greenwich was a quaint (though always affluent) New England bedroom community. Then, hedge funds created a new breed of Masters of the Universe. And the Gordon Gekko types ensconced in the suburb's palatial back country mansions decided that a commute to NYC, like unheated bathroom tiles and kitchen islands made of non-imported hone marble, was an inconvenience left to working stiffs squeaking by on salaries in the low seven figures.
As businesses typically found in New York infiltrated Greenwich, big city boutiques followed suit. Now, Saks Fifth Avenue, Alice + Olivia, Scoop, Michael Kors, Tory Burch, Theory and Talbots (OK, that one is all Greenwich) have all but decimated the humble Mom & Pops.
Still, there are worse things that could happen to a town than the chainsaw effect. Just look at Detroit! Maybe Greenwich won't miss the movie theater anyway. These days it seems most residents have private ones in their basements.
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