We all know Apple stores are wildly successful. But how successful? When comparing the revenue-per-square-foot of Apple’s retail hub to any other business, Apple generates more cash from sales by an average factor of 17.
According to Asymco, $US300 per square foot is considered good for a US retailer. The average retailer brings in $US341 per square foot. Apple? Try $US6000 per square foot. That’s twice as much as the next best retailer. And you wonder why they’re the world’s most valuable company.
(Oz note: The Asymco data was US-only. There aren’t equivalent figures for Apple’s local presence, and most of the recent per-square-metre figures we have reflect stores in shopping centres, not standalone retailers. It would be interesting to know how Apple’s numbers compare in each area, but we’re not holding our breath waiting for Tim Cook to email us the numbers.)