logo
  Join        Login             Stock Quote

Apple, with game, opens at Grand Central

Saturday, December 10, 2011 10:55 AM


NEW YORK, Dec. 10 (UPI) -- Apple Inc. said its newest retail outlet in New York's Grand Central Terminal had traffic volume of 4,000 by noon on its first day.

The company said 2,500 customers were in line when the store opened its doors and that some of them had been in line for 24 hours, The Wall Street Journal reported Saturday.

One customer, a retired man fairly close to the front of the line, said he had attended the grand opening of 30 different Apple stores, the newspaper said.

To put the company's popularity in perspective, Apple stores -- about 300 worldwide -- generate more customer traffic in a three-month span than Walt Disney Co's four largest theme parks, the Journal said.

All the more impressive, "With so many retailers closing stores and diminishing their footprint in a slow-growing economy, Apple has been able to forge ahead," said Ken Perkins, president at Retail Metrics, a research firm.

And how is confidence measured? Apple paid the former tenant at the Grand Central Terminal location $5 million to vacate the space eight years earlier than the lease stipulated.

(Source: UPI )
(Source: Quotemedia)

Advertisement
Advertisement



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.