Apple, the new king of retail

Apple, the new king of retail

Summary: Apple opened a retail store in Taiwan over the weekend. But it's another stat that makes it more impressive...

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TOPICS: Apple
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Apple TaiwanApple opened a retail store in Taiwan over the weekend. According to DigiTimes:
The new Apple Computer store is located in an area of Taipei famous for a large number of consumer electronic stores and has three floors with a total floor space of about 397 square meters (4,270 square feet) and cost NT$150 million (US$4.6 million) to set up, the sources pointed out.

ifoAppleStore reports that the Taipei store is actually a new Apple reseller in Guanghua Market. Although there have been rumors of official Apple stores opening beyond Japan (in Korea, Hong Kong, the Phillipines and Taiwan) they remain just that, rumors. Apple continues to rely on resellers to sell its products in Asia.

Red Herring's Scott Martin has the scoop on what may be the most impressive statistic about Apple's foray into retail store sales: the company hauls in more annual revenue per square foot than any other retailer. Bernstein Research analyst Toni Sacconaghi breaks it down.

Apple's stores have hauled in annual sales per square foot of $4,032, compared with Best Buy's $930, Neiman Marcus' $611, and luxury store Tiffany & Co.'s $2,666.Apple Store
Apple stores, on average under 6,000 square feet, each bring in more than $23 million in annual sales, according to the Bernstein report. That compares with annual sales per store of $38 million at Best Buy, which has stores about seven times larger.   

But it may not just be the products that make Apple stores great. "This may be as much an indicator that Apple's store placement is better than Tiffany's," Enderle Group analyst Rob Enderle said.

Apple has 170 retail locations in four countries with about 150 in the U.S.

Topic: Apple

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6 comments
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  • Just goes to show

    That a small (relatively) company Apple can sell more per square foot than many
    larger comapnies. It has to do with price, quality and customer service.
    Rick_K
    • more like

      Having to do with un-educated peoples with lots of money to burn.... owning a apple product give you a status as... a perfect idiot with more money then brain who prefere a totally useless overgrown calculator instead of a real computer. (well dot entirely true... with boot camp you can savage the hardware)
      Mectron
      • Two words spring to mind:

        Bitter and Jealous.
        tic swayback
        • You Said

          Two words spring to mind: Bitter and Jealous.
          Are you, never mind. Go towards the light, the Microsoft light and all will be well. Put away your plastic toys, become a man.
          Moosehouse
    • Oh no

      Oh no, I'm going to be sick.
      Price, what expensive.
      Quality, like Ipods which scratch easily and the plastic screen cracks.
      Customer service, what customers 3% compared with Microsoft.
      What land are you living in. Cuckoo-land...
      Moosehouse
  • Get over yourself

    You're an idiot.
    SquishyParts