Apple leads US retailers in sales per square foot
updated 01:40 pm EDT, Wed August 24, 2011
Beats out likes of Tiffany, Whole Foods
Apple is the top US retailer, at least in terms of sales per square foot, a RetailSails analysis indicates. The firm recently surveyed the last four quarters of over 160 retailers, and remarks that Apple's sales were about $5,626 per square foot, up 49.1 percent year-over-year. The figures are based on global results, not just those from US stores, RetailSails points out.
The data puts Apple well ahead of its closest competition, luxury dealer Tiffany & Co., which managed $2,974 per square foot. It in fact beat a number of other businesses catering to middle- or upper-class shoppers, including Coach, Signet Jewelers, Ralph Lauren and Whole Foods. Other companies in the top 10 were lululemon, GameStop, Costco and Best Buy.
Apple has been making an intense retail push since June, expanding and renovating many current stores when not building new ones. The company will be launching three stores this weekend alone. To meet stated goals, it will have to open another 14 stores by the end of September.
