Apple’s retail stores are ridiculously successful. For the last few years Apple Stores have been the top performing retail locations in the world in terms of revenue per square foot.
This year Apple Stores earned twice as much revenue as the next most profitable retail chain, Tiffany & Co. RetailSails analyzed the world’s top performing brick-and-mortar U.S. retail chains and found that Apple Stores averaged $6,050 in sales per square feet, while Tiffany & Co. earned $3,017 per square feet.
Apple’s sales per square foot grew from last year’s total of $5,626 per square foot as Apple’s retail locations earned $4.2 billion in Q4 of 2012. Apple has 390 retail locations worldwide and they opened 33 new stores in 2012.
Despite the record performance of Apple’s retail presence, Apple decided to part ways with their Senior VP of Retail Operations, John Browett. Rounding out the top 10 of RetailSails list was Lululemon Athletica, Coach, Michael Kors, Select Comfort, True Religion, Vera Bradley, Birks & Mayors and Fairway Market.Related