The Real Deal New York

Cell phone stores pull back after expansion

August 23, 2010 04:00PM
By Barbara Thau


AT&T dominates in the city, with 61 stores citywide. Verizon has 32 and Sprint has 27.

From the August issue: The BlackBerry, iPhone and the Google Phone may be locked in a battle for customers, but at the moment they are all quiet on the New York City real estate front.

Mobile phone outlets of every brand, which gobbled up space all over the city, have retrenched.

Robin Abrams, executive vice president of the Lansco Corporation, explained that expansion leveled off because the big national phone providers such as Verizon, Sprint and AT&T “saturated the market.” Now they are ceding some market share to electronics retailers and discounters, said Van Baker, a research vice president for Gartner, an information and technology research and advisory firm. [more]

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