- Apple Inc (NASDAQ:AAPL) shut down one of its retail stores in Charlotte, North Carolina, after the corresponding mall suffered at least three shootings in recent months.
- The iPhone maker informed the store’s employees on Wednesday that the location would be closing immediately, Bloomberg reports citing familiar sources.
- Apple updated its website after informing its employees about permanently shutting the Northlake Mall in Mecklenburg County.
- Also Read: Apple’s India Hirings Signal Flagship Store Debut By March: FT
- The shootings at the mall contributed to the decision, sources said.
- Apple told employees that it would transfer the staff at the Northlake Mall site to the nearby SouthPark location in Charlotte or roles working at the company’s online store.
- Apple also prepared to inaugurate a new location in Charlotte in 2024 to replace the Northlake Mall store before the recent shootings.
- “In preparation for a new store we plan to open in the Charlotte area early next year, we will be closing Apple Northlake on March 2,” the company stated.
- Reportedly shots were fired outside of a Macy’s Inc (NYSE:M) at the Northlake Mall on Tuesday, while another shooting occurred in early February. There were additional shootings reported in December and 2021.
- Apple, which operates about 270 retail locations in the US, rarely closes stores.
- Price Action: AAPL shares traded lower by 0.78% at $144.19 on the last check Thursday.
- Image by Matias Cruz from Pixabay
Cowen & Co. Maintains Outperform on Salesforce, Lowers Price Target to $210
Cowen & Co. analyst J. Derrick Wood maintains Salesforce (NYSE:CRM) with a Outperform and lowers the price target from $225 to $210.
