“The past few years have been challenging for the retailing industry, and there are signs that 2012 will be no different. One key metric used to judge the health of a store is annual sales per square foot,” Brian Zajac reports for 24/7 Wall St. “Research company RetailSails recently ranked U.S. stores based on this metric.”
“Apple is at the top of the list with the highest sales per square foot. Perhaps most interesting is the large gap between Apple stores and the rest of the market,” Zajac reports. “Apple stores now average $5,600 per square foot of retail space, nearly double the nearest retailer.”
The Top Six Most Profitable Retail Stores in America:
(Name: sales per square foot)
1. Apple: $5,647
2. Tiffany: $3,085
3. Coach: $1,824
4. Lululemon Athletica: $1,800
5. True Religion Apparel: 1,096
6. GameStop:$1,021
Read more in the full article here.
MacDailyNews Take: I give [Apple] two years before they’re turning out the lights on a very painful and expensive mistake. – David Goldstein, Channel Marketing Corp. President, commenting on Apple’s decision to open retail stores, May 21, 2001
[Thanks to MacDailyNews Reader “Lynn Weiler” for the heads up.]
Related articles:
A single Apple Retail Store is worth as much as the White House – January 25, 2012
Apple’s retail juggernaut is magical and revolutionary in its own right – May 25, 2011
Apple Retail Stores hit 10th anniversary (with video of Steve Jobs’ tour of 1st store) – May 18, 2011
Apple Store: ‘The best damn retail experience in America!’ – December 2, 2010
Apple’s retail stores generate huge sales – December 27, 2007
Piper Jaffray finds ‘gravitational pull’ at Apple Retail Stores – November 26, 2007
Apple thinks different with cash register-less retail stores that bring in billions – November 23, 2007
Apple makes retail seem ridiculously easy – May 29, 2007
How Apple’s Steve Jobs is revolutionizing Manhattan retail – May 08, 2007
Fortune: Apple Inc. is America’s best retailer – March 08, 2007
How Apple Retail Stores beat Best Buy, Neiman Marcus, and Tiffany – December 19, 2006
Where are Microsoft in the list?
Them are not opened many stores.
Them have hard time finding property to lease right across from Apple stores. Getting store across from Apple’s Grand Central Terminal store are going to be very hard.
Shouldn’t matter, Apple will have some stores that do better than others, but this is an average.
They’re on a different list called “America’s most wanted list of the criminally insane for opening a store next to Apple’s.”
A “Jeans and turtlenecks” store would be OK, I guess.
MDN- You forgot the Gateway comparison quotes…
“True Religion Apparel” ? Nobody can say that Apple is a “cult”, then.
Wonder if they specialize in turtlenecks.
There is also an Apple Stoer in China that has a Genius Bra section.
Wow! A Genius Bra section. I’d go see that.
I’m sure their sales are padded.