Sorry!! The article you are trying to read is not available now.
Politics And Regulation
Trading And Investing
How To Trade
How To Invest
Wall Of Worry
Hoofy & Boo
From The Buzz & Banter
MV Education center
t3 live subscriptions
Apple Stores Rake in Astounding Amounts of Cash
April 19, 2012 01:01 PM
Much like the plundering magpie that steals rings and tinsel to accent its nest, the average American consumer is very attracted to shiny objects, wanting nothing more than to surround himself with bright, flashy trinkets. He may be walking his daily commute in an incoherent fog when, suddenly in the corner of his eye, a glimmering four-inch Retina Display gleams behind a recently Windexed glass wall. And like in a nature program on the primitive response to flickering stimuli, the consumer breaks his stride and walks inside the retail space.
). You've just made another sale.
To say nothing about the calming, digital shores of its online retail space, Apple is incredibly successful in the retail world. In fact,
according to recent data compiled by Asymco
, Apple Stores boast the most profitable square footage of any retail space -- excluding restaurants -- at over $6,000 per square foot. Comparatively, the US national average for regional malls is $341 per square foot, and the median for the best 20 US retailers is $787. Even $300, Asymco asserts, is "considered respectable."
"The data shows Apple leading by a significant margin," Asymco's Horace Dediu writes. "It's more than twice as efficient as the second place
Tiffany and Co.
). It's also more than seven times the median of the top 20 and seventeen times better than the average mall retail space."
As you can see from the graph, Apple outright trounces the rest of the pack, outselling leaders like
Even looking at sales growth year over year, Apple leads the pack by a significant margin, besting
Lululemon Athletica Inc.
) by roughly 25%. And as was already noted in its recent earnings call, Best Buy has shrunk into negative growth in the last year.
While Apple is a prominent leader among its retail brethren, it's not even a contest between its mobile competitors. Judging from its
failed Nexus One experiment
) has much to learn about the retail biz.
dreaming big with its Windows Stores
, but it has a
road ahead if it wants to be considered in the same league with Apple Stores. And as for
(RIMM), well, that
desolate stand-alone shop in Michigan
speaks for itself.
Microsoft Destroys Beloved Franchise's Last Shred of Dignity
AT&T Falsely 'Upgrades' iPhone 4S to 4G
For an investment angle on these and many more tech stocks, take a
FREE trial to the TechStrat Report
by Sean Udall.
No positions in stocks mentioned.
IPHONE 5 RELEASE DATE
APPLE STORE LOCATIONS
APPLE RETAIL STORES
ICE CREAM SANDWICH
See All Tickers »
More From Minyanville
Trading and Investing
MV Education Center
Buzz & Banter
Cooper's Market Report
The Options Strategist
Directory of Terms
T3 Live Subscriptions
Buzz and Banter.com
Ruby Peck Foundation
Terms and Conditions
Follow Minyanville on Facebook
Follow minyanville on Twitter
Follow Minyanville on Linkedin
Subscribe to Our RSS Feed
©2017 Minyanville Media, Inc. All Rights Reserved