Monday, 21 March 2016

Apple plans Fifth Avenue-like stores in India







 KOLKATA: The Apple-Samsung war in India is set to intensify and spill over to the streets and malls. The maker of the iPhone plans to set up a flagship Apple Store in the country — on the lines of the famous one on Fifth Avenue in New York — and a string of smaller outlets.


Leading real estate brokerage companies are already scouting for 15,000-20,000 square feet on high streets and in malls, prompting rival Samsung Electronics to look for space to set up a similar flagship outlet and revamp its existing 1,100 smartphone brand stores.
Three senior industry executives said brokerage firms are looking for prime retail locations in Mumbai, the National Capital Region, Bengaluru and Pune for Apple's first phase of company-owned stores. The company wants to set up most of the Apple Stores of over 2,000-3,000 sqft in India, including space for technical support and holding small workshops.
The flagship store will have the same design and architectural grandeur for which Apple is famous and even holds several patents. Samsung, too, has started negotiating with malls where it has stores, for prime locations and has indicated that it wants to set up a few smartphone stores of over 2,000-2,500 sqft, compared with the existing 1,000 sqft.

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