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Apple is raking in the money with those stores. $9 billion (of $65 billion) revenue in 2010, $2.4 billion (of $18 billion) profit. “One metric used to measure
by ugh 15y ago
Apple is raking in the money with those stores. $9 billion (of $65 billion) revenue in 2010, $2.4 billion (of $18 billion) profit.
“One metric used to measure the financials of a retail store is sales per square foot, which is the average revenue generated for every square foot of sales space. This metric is used to gauge the efficiency of a retail operation; the higher the sales per square foot, the better. Jeweler Tiffany & Company's $2700 per square foot used to be considered the gold standard, but Apple has surpassed Tiffany, generating more than $4000 in sales per square foot. By comparison, Best Buy's sales per square foot is about $1000, and Walmart's is about $400.” (http://news.idg.no/cw/art.cfm?id=572252E1-1A64-6A71-CE7880C06A55CD6C http://news.idg.no/cw/art.cfm?id=572252E1-1A64-6A71-CE7880C0...)
People are most certainly buying.
- elithrar 15y agoIt's a bit closer to $5000/sqft these days: https://twitter.com/asymco/status/71216106173509633 https://twitter.com/asymco/status/71216106173509633
- deleted 15y ago[deleted]
- bioinformatics 15y agoI agree with that, there are no arguments against fact. In my case, maybe the time of day, the day of the week and the location were a factor. Of course is anecdotal, and maybe of the 200 people in the store, 100 were making purchases, but my experience wasn't the best one.