When it comes to retail stores, there is no bigger store for Apple Inc. (NASDAQ:AAPL) then the Manhattan store, which is located in New York City. Which, may be the reason why reports are coming in that Apple is planning to double the size of this store.
Allegedly, the reason why Apple did not do this sooner, is because of a dispute that the tech giant had with Boston properties. However, it appears that this has been settled, which in turn will now allow Apple to continue with their plans for renovations.
More details about the Manhattan retail store
Currently, the retail store has a reported 32,000 square foot measurements. However, the company has announced that they are planning to make renovations to the store, which will expand the store’s total size to exceed 77,000 square feet.
This store has long been in progression. The first award for the retail store was given in 2014 when the store was awarded for the patented designed glass box store. However, it has not been all sunshine and rainbows for the company, where this specific store is concerned.
In May 2016, rumors surfaced that Boston properties were considering not allowing Apple to renew their lease. The reason behind this was alleged because Apple was refusing to pay the asking price for the retail store.
According to those familiar with the matter, the reason behind this stance from Apple is because the company considered the store to be a tourist spot, which they were entitled to have due to the attraction it provided to both the city, and the exposure it gave to Boston properties.
Further plans regarding retail stores that Apple is undergoing this coming year
The New York-based retail story, is not the only retail store, in the possession of Apple, to which Apple enthusiasts can expect big changes too. In addition to this, the tech-giant has announced that they are currently in the process of opening retail outlets in India for the first time.
Australia may also soon no longer be a stranger when it comes to retail stores, which are owned by Apple as there have been rumors surfaced to the company investing $50 million into a retail outlet in Melbourne.
The post Apple Inc. (NASDAQ:AAPL) To Double The Size Of Its Manhattan Retail Store In New York appeared first on Stock Market News | HillCountryTimes | Get it Today.
from
https://www.hillcountrytimes.com/2017/02/03/apple-inc-nasdaqaapl-double-size-manhattan-retail-store-new-york/
No comments:
Post a Comment