http://www.macnn.com/articles/01/08/14/apple.to/
Apple to spend $85 million on retail in 2001
updated 12:20 pm EDT, Tue August 14, 2001
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Apple expects to spend about $85 million this year to open 25 new retail stores, according to its quarterly report filed Monday with the SEC. As of June 30, the company has entered into a number of leases—ranging in length from five to twelve years—with a total commitment of $203 million. The report also said that the retail operation is expected to break even in the first quarter of fiscal 2002 and generate a slight profit for the full fiscal year.
Fresh-Faced Recruit
Joined: Aug 2001
Great Idea
Apple Stores are a great idea, that's why I bought my first shares of AAPL yesterday!