In India, it’s required that any company wanting to set up a retail location must sell at least 30 percent locally sourced goods, but reports claimed that because of Apple’s “cutting-edge technology,” it would be able to circumvent this requirement. According to a report from Reuters today, however, that is not the case.
retail May 25
retail May 21
In this week’s top stories we break down the latest iPhone 7 leaks, the new iTunes 12.4 release, Tim Cook’s trip to India & much more. Head below for the usual roundup of handy links to all of this week’s most shared stories:
retail May 20
Apple CEO Tim Cook sat down for an extended interview with NDTV while in India this week and in it discusses the latest on Apple Pay negotiations, bringing Apple retail to India, and discussions with carriers and government officials while visiting the country.
While noting several large investments Apple is announcing in India, including the opening of a new development office that will create 4,000 jobs and a new accelerator program for app developers, Cook also confirmed talks with Indian banks for Apple Pay and much more: expand full story
retail May 18
According to a new report from the New York Post, Apple is looking to expand on its iconic Fifth Avenue retail location. While the company renovates the historic cube designed building, it will open in “some or all” of the 61,000-square foot FAO Schwarz space in the GM building. The report notes, however, that the temporary expansion could turn in to a permanent one seeing as how cramped the Fifth Avenue store has become.
retail May 11
According to a new report from LA Business Journal, Apple is in the process of securing real estate space for a new store in Los Angeles. The store will reportedly be located at the historic Tower Theatre in downtown Los Angeles, which could help revitalize the area’s retail business as a whole.
The Apple Store would be located at 800 S. Broadway, although specific details regarding the size of the store are still unclear. Additionally, it’s unknown how much Apple is paying for this retail space. Currently, there is over 250,000-square-feet of vacant retail space on Broadway between First Street and Olympic Boulevard, so Apple likely isn’t paying an extraordinary amount of money for the space.
retail April 28