Apple store boosts sales of surrounding businesses

Sales at restaurants, stores and other outfits rose 7.5 % between December and March compared to the same time frame ending in March 2011, Nancy Marshall, director of Grand Central development at the MTA, said.

[Via Techie Buzz]



  • http://markerrett.wordpress.com Mark Errett

    While this may sound like good news, it doesn’t say where the 7.5% loss was. I’m sure lots of shops that may have previously had more business near Grand Central are feeling the downside.

    • http://twitter.com/Moeskido Moeskido

      What “loss” does the article mention?

      Grand Central Terminal is surrounded by a very high-traffic area. I’d be willing to bet that any street-level businesses that aren’t doing as well have other factors to consider.

      • http://markerrett.wordpress.com Mark Errett

        It doesn’t mention any loss because it’s coming from MTA PR directly. I’m not trying to be negative but it’s only telling the story of vendors inside Grand Central.

        • http://twitter.com/Moeskido Moeskido

          I think you’re positing direct 1:1 relationships in business increases/dropoffs where there probably aren’t any. Especially considering how many of the shops inside the Terminal are about relatively high-priced goods and services.

    • EVula

      You’re talking about a massive transportation hub. The 7.5% increase in sales at Grand Central Station could have been “lost” from all over the city. For example, forty people deciding to buy a meal near the Apple store could be a single non-customer for forty other restaurants, making that a very, very small impact for them.

      You’re looking for bad news where there really is none.