Apple's Next Retail Move in China
Apple (NAS: AAPL) is set to open its third retail store in Beijing later this month. Two years ago, retail chief Ron Johnson, who has since left to become CEO of JCPenney (NYS: JCP) , said Apple was hoping to have 25 retail stores in China within the near future. Right now, Apple still has only seven stores in the Greater China region including the two in Hong Kong. That's a major retail shortfall in one of Apple's most important growth geographies -- one that the company needs to address. A third Beijing store is just a start.
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The article Apple's Next Retail Move in China originally appeared on Fool.com.Evan Niu owns shares of Apple. The Motley Fool owns shares of Apple. Motley Fool newsletter services recommend Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.