Apple Stores rake in $6,000 in sales per square foot

Nov 13, 2012
8
Apple Stores rake in $6,000 in sales per square foot

It's no surprise that Apple Stores generate a lot of revenue, but according to a recent report, Apple Stores bring in a little over $6,000 in sales per square foot, making it the number one top-performing brick-and-mortar store in the US, beating out second-place Tiffany & Co. by $3,000 -- over twice as much.

According to a Retail Sails analysis, Apple Stores brought in $6,050 in sales per square foot in the United States in 2012. That’s more than double the next store chain on the list, luxury retailer Tiffany & Co. Apple also beat out other boutique operations, such as Coach, Vera Bradley and Michael Kors, which all averaged between $1,000 and $2,000 per square foot.

Big box stores like Costco and Sam’s Club are bringing in the highest sales volume per store, but Apple ranks among the top 10 on that list as well, which is certainly impressive since they're essentially the only one on the list that doesn't have thousands of stores strung all over the country. Overall, though, Apple brought in an average of $51,148,000 per store in 2012.

Apple's 2012 sales per square foot is an improvement from last year, where they averaged $5,626 per square foot, but they still remained at the top of the list. The company reported $4.2 billion in retail sales during their Q4, and they also opened 33 new stores in 2012, resulting in a total of 390 Apple Retail locations worldwide.

[via Fortune]


Must Read Bits & Bytes