Poor tourist traffic forces Apple to shut Atlantic city store, lay off 52

Apple last closed a store in Simi Valley, California, for similar reasons

Apple, iPhone X, iPhones
Bloomberg | Mark Gurman
Last Updated : May 26 2018 | 7:47 PM IST
Apple Inc. said it is closing a retail store in Atlantic City, New Jersey, resulting in a rare but small round of job cuts by the world’s largest technology company.

Apple filed a Worker Adjustment and Retraining Notification with the state of New Jersey for 52 employees who will be affected. The iPhone maker rarely closes a retail store without relocating it.

“Due to a sharp decline in tourism and visitors to the area, we have made the difficult decision not to extend our lease,” an Apple spokesman said in a statement. “We are offering all of the store’s employees other jobs within Apple and we look forward to serving our Greater Atlantic City customers through our other southern New Jersey, Delaware Valley, and Greater Philadelphia area stores.”

Apple last closed a store in Simi Valley, California, for similar reasons. The company has more than 500 stores globally with over half located in the US.

 

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Next Story