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Daily Update for November 13, 2012
It's the TUAW Daily Update, your source for Apple news in a convenient audio format. You'll get all the top Apple stories of the day in three to five minutes for a quick review of what's happening in the Apple world. You can listen to today's Apple stories by clicking the inline player (requires Flash) or the non-Flash link below. To subscribe to the podcast for daily listening through iTunes, click here. No Flash? Click here to listen. Subscribe via RSS
Apple tops list of most profitable US retail chains
Research company RetailSails has released a report placing Apple at the top of retail chains with an average of US$5,600 in sales per square foot. By comparison, the jewelry store Tiffany comes in at a distant no. 2 with $3,085 in sales per square foot. 247WallSt notes that all the sellers at the top of this list deal in luxury goods with the exception of Gamestop. That means those who do make purchases at these stores are going to spend more money than someone grabbing a few groceries at Walmart, which averages $414 in sales per square foot. It's always neat to see these sorts of sales figures for Apple. For example, in December, an analysis showed that each Apple Store employee was worth $320,000 in revenue to the company, possibly even more.
Apple is tops in retail dollars per square foot across US stores
A site called RetailSails has done an analysis of the top global moneymaking retailers per square feet of store space, and guess who comes out on top? That's right, it's Apple, who reportedly picks up over $5600 a year per every square foot of retail store space. There is some confusion and estimation here -- Apple is opening and closing stores all the time, and the company only releases sales numbers for retail on a worldwide level, not just the United States. RetailSails has done its best to get the numbers right, but even they admit this is designed to give more of a general insight on the scene rather than specific figures. All that said, there's no question at all that Apple is doing an amazing job with its retail divisions, designing impressive stores in all the right places and making sure that those stores deliver on sales and revenue expectations. Even a store like Tiffany and Co., which tends to be smaller but sell relatively more expensive items in general, can't keep up with the revenue Apple has flowing in. It's no wonder, then, that Apple keeps posting record sales, and opening new stores as fast as it can. If there's a ceiling to demand for these products in these spaces, Apple hasn't hit it yet.
