Content about Steve Jobs

July 9, 2013

While Best Buy is still the world’s largest consumer electronics chain, it’s no secret that the brand faces big questions about store size, format, and long-term viability in an evolving brick-and-mortar retail landscape.

While Best Buy is still the world’s largest consumer electronics chain, it’s no secret that the brand faces big questions about store size, format, and long-term viability in an evolving brick-and-mortar retail landscape. I found the recent announcement that Microsoft and Best Buy had reached an agreement to roll out dedicated Windows “stores” in 600 Best Buy locations across North America this summer to be somewhat surprising, but certainly in line with the needs of both companies.

April 24, 2013

A Wednesday report by Bloomberg said that Apple plans to double its number of retail stores in China over the next two years to help offset slowing growth worldwide.

New York -- A Wednesday report by Bloomberg said that Apple plans to double its number of retail stores in China over the next two years to help offset slowing growth worldwide.

February 26, 2013

Best Buy Co. announced it is cutting 400 jobs at its headquarters as part of its “Renew Blue” transformation efforts.

Minneapolis -- Best Buy Co. announced it is cutting 400 jobs at its headquarters as part of its “Renew Blue” transformation efforts.

November 26, 2012

Apple Inc. operates the most successful retail stores by a significant margin, according to RetailSails, a retail and consumer goods consulting firm.

New York -- Apple Inc. operates the most successful retail stores by a significant margin, according to RetailSails, a retail and consumer goods consulting firm. Apple stores averaged $6,050 per sq. ft. in the past 12 months, double those of Tiffany & Co., which ranked second, generating sales of $3,017 per sq. ft.

Here is RetailSails list of the 10 retailers with the highest sales per square foot:

August 20, 2012

Apple Inc. became the most valuable public company of all time on Monday, after its market value climbed beyond $620 billion to surpass a milestone set by Microsoft Corp. more than 10 years ago, Reuters reported.

New York -- Apple Inc. became the most valuable public company of all time on Monday, after its market value climbed beyond $620 billion to surpass a milestone set by Microsoft Corp. more than 10 years ago, Reuters reported.

Apple shares reached a high of $664.74 on Monday morning, giving them a total value of $623.14 billion. This broke past the record of $620.58 billion set by Microsoft back in 1999, according to the report.

February 21, 2012

Is it any wonder that online giants Google and Amazon are both reportedly planning to test the waters with physical stores?

Is it any wonder that online giants Google and Amazon are both reportedly planning to test the waters with physical stores? Certainly not when you look at some of the retail stats from Apple’s amazing first quarter (ended Dec. 31, 2011). The company had record revenues of $46.3 billion, and its stores continue to astound.

Consider:

February 9, 2012

Apple Inc. and Sam’s Club are in early discussions to expand their partnership, possibly by adding in-store Apple shops in select Sam’s locations, according to a report on 9to5Mac, a website for Apple enthusiasts.

New York City -- Apple Inc. and Sam’s Club are in early discussions to expand their partnership, possibly by adding in-store Apple shops in select Sam’s locations, according to a report on 9to5Mac, a website for Apple enthusiasts. Sam's Club stores already sell iPhone, iPad, and iPod products.

The report, which cited unnamed sources, said that a range of plans are being discussed, including having Sam’s simply sell a broader range of Apple products without in-store features.

January 24, 2012

Apple stores around the world are pulling in an annual average of $4,709 sales per square foot, CNN Money reported.

New York City -- Apple stores around the world are pulling in an annual average of $4,709 sales per square foot, CNN Money reported.

While a handful of super-high-end luxury retailers with limited floor space in New York City and foreign capitols may do better, Apple’s numbers make it by far the most valuable chain in the United States. Apple’s closest chain competitor is Tiffany & Co., which garners an average of $2,974 per square foot, according to the report.

 

January 12, 2012

Target Corp. confirmed that it plans to install Apple mini-boutiques in some of its stores this year.

Minneapolis -- Target Corp. confirmed Thursday that it plans to install Apple mini-boutiques in some of its stores this year. The concept will be tested in 25 locations, and feature a wider assortment of Apple products than is currently available at Target, according to Bloomberg.

December 9, 2011

Apple on Friday, opened its newest Big Apple store, a 23,000-sq-.ft. outpost in the landmarked Grand Central Terminal.

New York -- Apple on Friday, opened its newest Big Apple store, a 23,000-sq-.ft. outpost in the landmarked Grand Central Terminal. The company said 2,500 people were waiting in line before the opening, and the store had nearly 4,000 visitors before noon.

The space had been previously occupied by a restaurant, which closed earlier this summer. It is Apple’s fifth location in Manhattan,

October 19, 2011

Apple is closing its stores for several hours on Wednesday so employees can watch a webcast of a memorial service celebrating the life of Apple co-founder and CEO Steve Jobs, the Associated Press reported.

New York City -- Apple is closing its stores for several hours on Wednesday so employees can watch a webcast of a memorial service celebrating the life of Apple co-founder and CEO Steve Jobs, the Associated Press reported.

The service is scheduled for 10 a.m. Wednesday at company headquarters in Cupertino, Calif. It will be webcast to employees worldwide.

The service reportedly will take place in the campus' outdoor amphitheater, according to Cook's email.

October 19, 2011

Apple is closing its stores for several hours on Wednesday so employees can watch a webcast of a memorial service celebrating the life of Apple co-founder and CEO Steve Jobs, the Associated Press reported.

New York City -- Apple is closing its stores for several hours on Wednesday so employees can watch a webcast of a memorial service celebrating the life of Apple co-founder and CEO Steve Jobs, the Associated Press reported.

The service is scheduled for 10 a.m. Wednesday at company headquarters in Cupertino, Calif. It will be webcast to employees worldwide.

The service reportedly will take place in the campus' outdoor amphitheater, according to Cook's email.

October 6, 2011

Technology devotees and regular Apple fans flocked to Apple stores across the globe to express their sorrow at the death of Steve Jobs.

New York City -- Technology devotees and regular Apple fans flocked to Apple stores across the globe to express their sorrow at the death of Steve Jobs.

October 6, 2011

Technology devotees and regular Apple fans flocked to Apple stores across the globe to express their sorrow at the death of Steve Jobs.

New York City -- Technology devotees and regular Apple fans flocked to Apple stores across the globe to express their sorrow at the death of Steve Jobs.

August 25, 2011

Apple announced late Wednesday that its CEO Steve Jobs has resigned his post, effectively immediately, to be succeeded by current COO Tim Cook.

Cupertino, Calif. -- Apple announced late Wednesday that its CEO Steve Jobs has resigned his post, effectively immediately, to be succeeded by current COO Tim Cook.

Jobs, the visionary whose contributions created the world’s most innovative technology company, is battling pancreatic cancer and has received a liver transplant. Concerns about his health led to his decision to resign.

August 25, 2011

Apple announced late Wednesday that its CEO Steve Jobs has resigned his post, effectively immediately, to be succeeded by current COO Tim Cook.

Cupertino, Calif. -- Apple announced late Wednesday that its CEO Steve Jobs has resigned his post, effectively immediately, to be succeeded by current COO Tim Cook.

Jobs, the visionary whose contributions created the world’s most innovative technology company, is battling pancreatic cancer and has received a liver transplant. Concerns about his health led to his decision to resign.

August 3, 2011

Apple has hired executive search firm Egon Zehnder International to help it find a replacement for its retail head Ron Johnson, according to reports by The Wall Street Journal and Bloomberg.

New York City -- Apple has hired executive search firm Egon Zehnder International to help it find a replacement for its retail head Ron Johnson, according to reports by The Wall Street Journal and Bloomberg.

The reports suggest that in hiring Egon Zehnder, which has offices around the globe, Apple may be looking for an executive with international retail experience. Apple is set to open nearly 30 stores this year outside of the United States.

June 30, 2011

Apple runs a really tight ship. That’s the takeaway of a recent Wall Street Journal article that used confidential Apple store training materials and interviews with current and former store associates to provide a behind-the-scenes look at the tech-giant’s store operations.

Apple runs a really tight ship. That’s the takeaway of a recent Wall Street Journal article that used confidential Apple store training materials and interviews with current and former store associates to provide a behind-the-scenes look at the tech-giant’s store operations. Among the interesting details: Apple’s annual retail sales per square foot stand at an astounding $4,406.

Here are some other interesting insights from the article:

June 30, 2011

Apple runs a really tight ship. That’s the takeaway of a recent Wall Street Journal article that used confidential Apple store training materials and interviews with current and former store associates to provide a behind-the-scenes look at the tech-giant’s store operations.

Apple runs a really tight ship. That’s the takeaway of a recent Wall Street Journal article that used confidential Apple store training materials and interviews with current and former store associates to provide a behind-the-scenes look at the tech-giant’s store operations. Among the interesting details: Apple’s annual retail sales per square foot stand at an astounding $4,406.

Here are some other interesting insights from the article:

April 21, 2011

Apple reported a record second-quarter net profit of $5.99 billion, or $6.40 per diluted share, and revenue of $24.67 billion, thanks to strong sales in Macs, iPhones and iPads.

Cupertino, Calif. -- Apple reported a record second-quarter net profit of  $5.99 billion, or $6.40 per diluted share, and revenue of $24.67 billion, thanks to strong sales in Macs, iPhones and iPads. These results compare with net quarterly profit of $3.07 billion, or $3.33 per diluted share, and revenue of $13.5 billion, in the year-ago quarter. International sales also helped boost profits, as they accounted for 59% of the quarter’s revenue, the company reported.

March 25, 2011

Save Mart Supermarkets saved more than $8,000 on a high-efficiency LED lighting retrofit of store in Ripon, Calif., through a partnership with the EnergySmart Jobs program.

New York City -- Save Mart Supermarkets saved more than $8,000 on a high-efficiency LED lighting retrofit of store in Ripon, Calif., through a partnership with the EnergySmart Jobs program.

Save Mart is distinguished as one of the first participants in the federally-funded program, which is an initiative of Energy Upgrade California and is administered by PECI, San Francisco. It focuses on creating new jobs through the implementation of energy-saving upgrades that help commercial retailers lower their operating costs.

March 11, 2011

Family Dollar will cut more than 100 jobs as part of a companywide restructuring.

Matthews, N.C. -- Family Dollar will cut more than 100 jobs as part of a companywide restructuring. The cuts will occur in all divisions of the company, the Charlotte Business Journal reported. 

In a memo to employees, the company said the cuts will allow Family Dollar to make decisions more quickly and move faster to achieve its goals, according to the report.

The retailer is slated to open 300 stores in fiscal 2011, which began in September. It will renovate as many as 800 stores.

August 2, 2010

The attorney general for the state of Connecticut said Monday that in the e-book price...

June 10, 2010

Borders Group has cut an undisclosed number of jobs at its British stationery and gift...

May 4, 2010

There’s been a lot of buzz about the Apple iPad since it hit the market last month, and many predict it could have a significant impact on the way people shop in the future.

There’s been a lot of buzz about the Apple iPad since it hit the market last month, and many predict it could have a significant impact on the way people shop in the future. Chain Store Age spoke with David Fry, founder of e-commerce solution provider Fry Inc., about the probable impact of the iPad and what it could mean for the retail industry.

What has the consumer response been so far with the iPad?