Apple's global retail net to expand: over 50 new stores planned

Apple is gearing up for a major expansion of its retail presence with plans to open over 50 new or rebuilt stores across the globe, according to a recent report from Bloomberg.

The tech giant is eyeing various regions, including the Asia-Pacific, Europe, the Middle East, the United States, and Canada, as key areas for its retail expansion over the next four years.

The report reveals that Apple is in discussions to open 15 new stores in the Asia-Pacific region, along with five additional locations in the Middle East and Europe. Shoppers in the United States and Canada can expect the opening of four new retail stores as well. Moreover, Apple has plans to renovate and relocate several of its existing stores to enhance the overall customer experience.

The most notable new stores under discussion or in development include three sites in India, the company’s first outpost in Malaysia and an upgrade to Apple’s historic location in the Opera shopping area of Paris, according to the people. It’s also soon opening a store at the Battersea Power Station in London by its new local headquarters and is planning an additional location in Miami. And there’s a flagship store slated for the Jing’an Temple Plaza in Shanghai.

Apple is projected to open a total of 53 new, relocated or remodeled stores over the next four years. It should be noted, however, that some plans are still internal projections or proposals, and there is a possibility of delays or cancellations. Nevertheless, a significant number of these projects are already in the development phase, and leases with landowners have already been negotiated.