Apple closes most stores in effort to curb virus spread

Company has reopened stores that closed in China

TRD New York TRD WEEKEND EDITION /
Mar.March 14, 2020 03:21 PM

An Apple store at 767 5th Avenue (Credit: Wikipedia)

Apple is closing all of its stores outside of greater China for the next two weeks in order to try and help slow the spread of the coronavirus.

Company CEO Tim Cook posted a letter to Apple’s website Saturday announcing that stores will be closed through March 27, Bloomberg reported.

Cook noted that all of the stores in greater China that had closed are now opened, and Apple is taking what it learned in that country and applying it to help curb the contagion.

“One of those lessons is that the most effective way to minimize risk of the virus’s transmission is to reduce density and maximize social distance,” Cook wrote. “As rates of new infections continue to grow in other places, we’re taking additional steps to protect our team members and customers.”

Apple’s employees will also start working remotely, and Cook wrote that hourly workers will continue to receive pay.

The company has about 460 locations outside China, including 270 stores in the United States.

Apple has 11 stores in Brooklyn, Queens, Staten Island and Manhattan including its flagship location at the base of the General Motors Building on Fifth Avenue, which reopened in September after a lengthy renovation.

Retail is one of the earliest and hardest hit sectors to feel the economic impact of the COVID-19 pandemic, as shoppers and store operators alike are employing  social distancing techniques to curb the expansion. In countries where the virus spread earlier like Singapore, struggling retailers are urging landlords to give them rent breaks.

Mall real estate investment trusts took a pounding on Wall Street. And in New York, the city’s largest Chinese restaurant temporarily closed on Thursday. [Bloomberg] — Rich Bockmann


Related Articles

arrow_forward_ios
Invitation Homes CEO Dallas Tanner (iStock; Tanner via Invitation Homes)

Invitation Homes may double its single-family portfolio

Invitation Homes may double its single-family portfolio
(Google Maps)

National retail chains paid 80% of July rent, a Covid high

National retail chains paid 80% of July rent, a Covid high
Retailers are rejecting leases amid bankruptcy filings, putting a strain on landlords. (iStock; Pixabay)

Retailers rejecting leases amid bankruptcy could bring “tsunami” for landlords

Retailers rejecting leases amid bankruptcy could bring “tsunami” for landlords
(iStock)

Half empty or half full? Hotel occupancy rate nears 50%

Half empty or half full? Hotel occupancy rate nears 50%
Gov. Andrew Cuomo (Getty, iStock)

Eviction moratorium extended until September

Eviction moratorium extended until September
JLL CEO Christian Ulbrich (Ulbrich by Jemal Countess/Getty Images for Women's Forum of New York)

JLL profits halved by pandemic

JLL profits halved by pandemic
For the first time since the start of the coronavirus crisis, the percentage of CMBS loans that are more than a month behind on payments has gone down. (iStock)

TRD Insights: CMBS delinquencies decline as borrowers get relief

TRD Insights: CMBS delinquencies decline as borrowers get relief
Chief Justice Tani Cantil-Sakauye (UCDavis, iStock)

California eviction and foreclosure ban could end Aug. 14

California eviction and foreclosure ban could end Aug. 14
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...