Apple to continue retail expansion in 2004
updated 10:50 am EST, Wed December 24, 2003
Apple to expand retail
Apple will continue its by allocating $160 million to capital expenditures in fiscal 2004, roughly $85 million of the total for retail expansion, according to the Sacremento Business Journal: "In fiscal 2003, Apple had $164 million in capital expenditures, including $92 million for retail stores and equipment. The 2003 investment added 25 retail stores during 2003 for a total of 65 as of Sept. 27, up from 40 in Sept. 2002 and 8 in Sept. 2001. Apple added 9 more stores in the first quarter of fiscal 2004, including its first international store, in Tokyo's Ginza shopping district."






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