“Thirteen years later to the day, those Apple Stores don’t just work, they’ve become the world’s most profitable retail operations — by far — generating $5,626 per square foot, according to a 2011 RetailSails report,” P.E.D. reports. “Tiffany & Co. came in a distant second with sales of $2,949 per square foot.”
P.E.D. reports, “The anniversary of the opening on May 19, 2001 of the first store in McLean, VA, and the arrival two weeks ago of Burberry CEO Angela Ahrendts have focused attention once again on the company’s retail empire, now 424-stores strong.”
Read more in the full article here.
Angela Ahrendts’ Apple Retail plans: China, mobile payments, revamped experience – May 19, 2014
Apple averages more sales per square foot than any other U.S. retailer – May 16, 2014
13 years of U.S. Apple Retail Stores in 60 seconds – May 15, 2014
Apple jumps in e-commerce rankings, now second largest online retailer – May 6, 2014