And new-store tally slims
By Tom Krazit
Published: 24 April 2009 16:18 GMT
Apple's retail group shed about 1,600 full-time equivalent workers during its second fiscal quarter.
Apple's second fiscal quarter was a blowout considering the state of the economy, but executives noted that the retail division took a hit during the quarter, with average revenue per store declining to $5.9m from $7.1m a year ago. With overall revenue from that segment increasing just one per cent to $1.74bn and with 45 new stores having been opened since last year, something had to give.
Apple opened just one store during the quarter. In January it said that it plans to ease back on the number of stores it opens in 2009.
The retail arm of the company now employs 14,000 full-time equivalent workers, down from 15,600 at the end of Apple's first fiscal quarter, according to a filing with the US Securities and Exchange Commission.
Original article: Apple retail sheds 1,600 full-time positions from CNET News.com
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