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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

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  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.

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