Just days after John Browett stepped down as head of Apple (AAPL)’s retail operation, the company revealed in a newly released 2012 annual report to the U.S. Securities and Exchange Commission, that it plans to open an additional 30 to 35 retail outlets worldwide by the end of fiscal 2013.
Three-fourths of the $850 million proposed retail expansion, which is part of $10 billion the tech giant has earmarked to spend in its fiscal 2013, will be located outside the U.S., Apple said in the filing. This number falls in line with the Apple’s recent retail trends, with the tech giant opening 33 new brick-and-mortar stores in 2012 and a whopping 40 in 2011, 28 of which were outside the U.S.
Apple ended fiscal 2011 with 357 stores open compared to 317 stores at the end of 2010.
Here is a 10-K filing excerpt on the company’s property:
“[Apple’s] headquarters are located in Cupertino, California. As of September 29, 2012, the Company owned or leased approximately 17.3 million square feet of building space, primarily in the U.S., and to a lesser extent, in Europe, Japan, Canada, and the Asia-Pacific regions. Of that amount approximately 10.9 million square feet was leased building space, which includes approximately 4.1 million square feet related to retail store space.”
Apple currently boasts 390 stores, making $51.5 million per store, compared to $43.3 million and $34.1 million in 2011 and in 2010, respectively.
AAPL closed down $8.68, or 1.44% to $595.32, on Wednesday, printing the tape at a new three month low of $587.70 after opening at $594 per share.