On Thursday, Apple Inc. (NASDAQ:AAPL) said it will close three U.S. retail stores as declining mall conditions force a strategic pullback, while a union dispute intensifies around its Towson location.
Apple Blames Declining Mall Conditions
In a statement to MacRumors, Apple said it will permanently shut stores in Trumbull, Connecticut; Escondido, California; and Towson, Maryland, in June.
The company said it regularly evaluates its retail footprint to ensure it delivers the best customer experience.
The closures come as all three malls have lost major tenants and foot traffic, with some facing financial distress and ownership changes.
Apple did not immediately respond to Benzinga’s request for comments.
Employees To Be Relocated Or Reassigned
Apple said staff at its Trumbull and North County …
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