“Apple Inc., which counted on China for more than 15 percent of sales last year, will open its 10th store in the country’s mainland this week,” Bloomberg News reports.
“The retail space is set to open Jan. 10 at China Central Mall in Beijing’s Chaoyang district, the company said in a statement on its China website today,” Bloomberg News reports. “Chief Executive Officer Tim Cook has pledged to double outlets to 22 in Greater China to meet demand in the world’s most populous country. The new store brings the nationwide total to 13, including three in semi-autonomous Hong Kong.”
“The company has trimmed its initial plan for adding stores,” Bloomberg News reports. “Former head of retail operations Ron Johnson, who left Apple in 2011, had set an earlier target of 25 stores in China by February 2012.”
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