toggle

AAPL Stock: 99.18 ( -1.57 )

Printed from http://www.macnn.com

Apple to open nine new stores in Q4, do a total of 23 'relocations'

updated 06:34 pm EDT, Tue July 23, 2013

Visitors averaging 15,000 per store per week

As a part of a conference call for its third-quarter financial results, Apple uncovered figures and plans for its retail stores. By the end of fiscal Q3, the company was up to 408 locations, of which 156 were outside the US. While store revenues were mostly flat year-over-year, the retail segment did manage a profit of about $670 million.

On average Apple saw about 16,000 visitors per store, per week. The company says it's planning to open nine new stores in the next quarter for a total of 23 for the (fiscal) year; on top of this, though, the company has also done or will do a total of 23 "relocations," where stores are expanded or moved to larger quarters during the year. In many cases, the traffic in Apple Stores has outgrown the space available, prompting Apple to search for sites with more square footage. Other incentives for moving may include factors like expiring leases or renovations.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

  1. MacGeekAz

    Fresh-Faced Recruit

    Joined: 07-13-13

    I wouldn't be surprised if the Apple Store inside the Arizona Biltmore Mall is relocated. Its overdue for some expansion.

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

MacNN Sponsor

Recent Reviews

ActvContent Sync Smartband

Smartbands of all sorts are hitting the market. Some build on the buzz around fitness trackers, while others offer simpler features fo ...

RocketStor 6324L Thunderbolt 2 eSATA bridge

Like it or not, the shift to Thunderbolt is underway. The connection is extremely flexible, allowing for video and data to co-habitate ...

Patriot Stellar Boost XT 64GB USB 3.0 drive

A vast selection of USB memory sticks means that consumers can often find exactly the size drive they need in a configuration that can ...

toggle

Most Commented