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apple20.blogs.fortune.cnn.com - 4/24/2009

Apple Stores: The big chill

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Fifth Ave store Is there an Apple Store near you? Count yourself lucky, because the days of Apple’s ( AAPL ) aggressive expansion into the branded retail space are over — at least for now. After opening more than 250 company-owned stores in eight years — an average of better than 15 per quarter ...

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Apple Retail Slows Growth, Cuts Employees
The Mac Observer — ... shows that it dropped 1,600 full-time retail jobs from its fiscal first quarter, ending Dec. 31, 2008, to the quarter that concluded at the end of March. While there are no signs that the company plans to close any stores -- it has yet to do so in eight years of retail operations -- Fortune's Apple 2.0 blog notes that it has been temporarily shuttering stores for renovations "at a stepped up pace." Writer Philip Elmer-DeWitt said: "That doesn't necessarily mean Apple plans to shutter a lot of stores, but it could signal a major reassessment of its retail strategy." To that ...

Apple takes a breather on retail store grand openings due to ‘horrendous economy’
MacDailyNews — ... of better than 15 per quarter — Apple in the last quarter opened just one," Elmer-DeWitt reports. "The building slowdown is one of several moves that Apple has made in response to what COO Tim Cook this week called a 'horrendous economy,'" Elmer-DeWitt reports. "Although Apple’s revenues grew more than 8% year over year in its second fiscal quarter, the average take per store took a 17% hit, falling to $5.9 million from $7.1 million in 2008," Elmer-DeWitt reports. Full article here . MacDailyNews Take: It's sad that a display of common sense is so rare these days that it ...