Apple Stores Are Retail’s Most Profitable Square Footage
A Marketnewsupdates.com (MNU) News Commentary release distributed by PRNewswire says that according to research provided by CoStar, sales per square foot at all but a few public retailers have declined to an average of around $325 in recent years, down from nearly $375 in the early 2000s. There’s little doubt that the online giant Amazon.com, Inc. has been disrupting traditional retailers, however, several companies have managed to grow sales despite the declining trend in brick-and-mortar. Other retail companies watching the trends in the rising costs include Generation Next Franchise Brands, Inc., Tiffany & Co., lululemon Athletica, and Apple Inc.
With sales per square foot viewed as a major component of retail success, according to industry data provided by eMarkter, the #1 retailer in sales per square foot is Apple Inc., which did a staggering $5,546 per square foot. Having launched the first iPhone 10 years ago, it’s speculated that this next milestone iteration of the iconic product could produce Apple’s strongest sales to date.
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Source: MarketNewsUpdates.com
