Apple Closes China Store for the First Time as Market Weakens

Apple Closes China Store for the First Time as Market Weakens

Apple, for the first time in the company’s history, is closing a store in China, as the Chinese regime shoulders mounting economic pressures and lukewarm spending at home. The store inside the Parkland Mall in Dalian city, northeast China, will be shut down after July 8, according to a notice on Apple’s official website. “Given the departure of several retailers at the Parkland Mall, we have made the decision to close our store there on Aug. 9, …

Apple Retreats In China: Closes Flagship Store Opened In 2008 Amid iPhone Erosion

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Apple Retreats In China: Closes Flagship Store Opened In 2008 Amid iPhone Erosion - Nemos News Network

Whether it’s the rise of Chinese rivals like Huawei, Xiaomi, and Vivo, the deepening deflation and softening consumer sentiment across China, or the elevated Sino-U.S. trade tensions, Apple is feeling the squeeze in the world’s largest smartphone market.  State-run media outlet Securities Times (abbreviated as ST) reports that Apple has, for the first time, made preparations to close one of its stores in the Chinese market.  “On July 29, Apple C…

Apple Retreats In China: Closes Flagship Store Opened In 2008 Amid iPhone Erosion

Apple Retreats In China: Closes Flagship Store Opened In 2008 Amid iPhone Erosion Whether it's the rise of Chinese rivals like Huawei, Xiaomi, and Vivo, the deepening deflation and softening consumer sentiment across China, or the elevated Sino-U.S. trade tensions, Apple is feeling the squeeze…

Apple to close first retail store in China since 2008

The closure reflects China’s shifting retail landscape, as more consumers turn to online shopping, causing traditional malls to lose foot traffic.The post Apple to close first retail store in China since 2008 appeared first on Retail Insight Network.

Apple closes its first store in China: A sign of changes in the market

For the first time, Apple has decided to close one of its stores in China, which can be considered a sign of change and adjustment in a market that is increasingly feeling the effects of falling consumption and increasing competition. The store located in Parkland Mall, in the Zhongshan district of Dalian, will officially cease operations on August 9, the company announced. They cited "changes in the structure of tenants in that shopping center"…