A new report by RetailSalis states that after looking into more than 160 American retailers, Apple ranks first by a wide margin in the ability to generate revenues compared to the size of its stores.
The company’s global retail store chain consists of 327 stores, on average, each store consists of 7,886 gross sq ft of retail property. Which makes Apple stores about the same size as the average Polo or J Crew, roughly half as large as typical Best Buy, Walgreen, or CVS stores.
Shockingly, Apple stores generate 5 to 10 times as much revenue per square foot, which is nearly 7 times as much as Best Buy, and about 6 to 9 times as much revenue per square foot to warehouse stores like Costco and Sam’s Club. Apple also generates twice as much revenue per square as high end boutiques such as Tiffany and Coach.
Majority of Apple’s growth has occurred overseas, in contrast, many US retailers have seen a decline in detail revenues.
In addition, the the report notes that Apple has seen a 49.1 percent increase year over year in its sales per square foot and a 70.5 percent growth in its retail revenues overall. The report does not compare Apple’s online sales or any other online retailers.