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Apple Retail Chief Has New Vision For Stores

  • CNBC, Tuesday, October 24, 2017 7:43 AM

Apple opened a new flagship store on Friday on Michigan Avenue in Chicago, its 497th in the world, up from just 27 in 2001.The stores are very productive, generating $5,079 in sales per square foot, way more than most retailers. But Apple retail chief Angela Ahrendts has a new vision for these stores: They should be "town squares," places where people meet up with friends, attend concerts and take classes.

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