Confirmed: Palm to Close Retail Stores
PalmInfocenter has confirmed with a company spokesperson that Palm Inc. plans to close its retail stores. The move marks the latest cutback at Palm as it moves to make cost reductions and consolidate the company around its "core business initiatives."
In a statement Palm says they made the decision to close the retail stores to "focus on consolidating more resources behind fewer programs in order to compete more effectively." These same themes were discussed during the last conference call in which Palm's CEO Ed Colligan said the company would be cutting back on anything non-essential throughout the origination.
Palm first entered into the retail environment as part of a pilot program that began in October 2002. The first stores were small kiosks called the palmOne cafe which began in shopping malls on the west coast. Palm later expanded into larger dedicated stores in select US airports.
At last count, Palm has 31 retail locations located in malls and airports nationwide. Its most recent opening was its flagship store in the highly trafficked Rockefeller Center in New York City which opened in December 2006.