Earlier this year, it was confirmed that Apple is opening a new store in New York’s Grand Central soon, and it looks absolutely stunning. The store is expected to occupy 23,000 feet (crazy!). It is also expected to generate half-a-billion in sales a year, which is probably more than all Microsoft stores combined. That is assuming those stores generate any revenue. In fact, Microsoft has yet to reveal retail store numbers. Last week, it was reported that store is to open soon. Rumor had it that the store will opens on December 9th.
Yesterday, some interesting tidbits regarding Apple’s contract with the Metropolitan Transportation Authority (MTA) for its Grand Central Terminal retail store were revealed. These agreements just go to show how much retail power Apple actually has. Now, The New York Post reports that the State of New York is investigating the deal.
State Comptroller Thomas DiNapoli has launched an investigation into whether the Metropolitan Transportation Authority (MTA) gave Apple overly generous terms on its lease for the shop, which is slated for a splashy opening next week.
The article in the New York Post about the MTA’s contract with Apple in Grand Central Terminal is a cause for concern,DiNapoli said in a statement yesterday. This is a prime property, and I intend to make sure that the MTA hasn’t given away the store.
Today, in line with previous rumors, Apple has officially announced an opening day date for its massive store inside Manhattan’s Grand Central Terminal. The store will be opening on Friday, December 9th.
[Image credit: MacRumors]