In order to increase its market share in China and other Asian countries, Apple Inc. is planning to improve and revitalize its retail network. The business also plans to renovate its current locations in Europe and the US concurrently.
Future Plans
By 2027, Apple Inc. plans to open 15 fresh stores in the Asia-Pacific region, five in Europe and the Middle East, and four each in the United States and Canada, according to a Bloomberg report. Additionally, the business intends to renovate or move 13 stores in North America, nine stores in Europe, and six stores in Asia. Over the next four years, Apple is planning a total of 53 new, relocated, or renovated stores.
Apple Inc. is focusing its expansion efforts on the Asia-Pacific region and plans to open 21 new or renovated locations by 2027. In the previous year, this market contributed about $130 billion in revenue to Apple or about one-third of its overall earnings. Notably, nations like India have become essential to the expansion of the company. Apple opened its first two stores in India with success in April.
According to the report, Apple is reportedly in talks to establish its third store in India by 2025, specifically in the Mumbai suburb of Borivali. Additionally, there are plans to move the current Apple store to Perth, Australia. In addition to renovating Apple’s Ginza store in Japan, which opened as the company’s first outlet there in 2003, four new stores in China are also planned for that year. The Ginza store had to temporarily relocate last year due to the destruction of its original structure.
Another Apple store in India
Apple plans to open its fourth location in India, the second one in New Delhi’s DLF Promenade Mall, in 2026. After the Bandra Kurla Complex store in Mumbai that opened in April, this location may end up being Apple’s second-largest in India. In addition, Apple is laying the groundwork for a brand-new outlet in Yokohama, Japan, and has plans to move to a different location Shibuya Marui. In the year 2027, Apple plans to open a fifth store in India, this one in Mumbai’s Worli neighborhood.
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The report also emphasizes that Apple is actively considering or developing a number of noteworthy new stores. These include the company’s first store in Malaysia as well as its first three locations in India, which signify the company’s growth in that nation. Apple also has plans to renovate its historic store in Paris’s Opera shopping district. Other upcoming store openings include one in Miami and one in London’s Battersea Power Station, which will be close to Apple’s new regional headquarters. Additionally, a flagship location will open in Shanghai’s Jing’an Temple Plaza.
According to the report, the technology giant with headquarters in California has set its sights on growing its market share in Europe and will soon open a store in the Battersea neighborhood of London. The company also plans to relocate its store in Milton Keynes, United Kingdom, and open a new location at the La Vaguada shopping center in Madrid. Over $95 billion, or roughly one-fourth of Apple’s total sales, were generated in Europe last year, which contributed significantly to the company’s financial performance. With about 40 stores, the United Kingdom is specifically Apple’s third-largest retail market.
