Apple Stores have been highly successful and new numbers show just how well they have been performing: data compiled by RetailSales show that Apple Stores sales per square foot are 17 times the average of the 160 stores included in the data.
The margin that Apple has over its fellow retailers is remarkable. According to the data collected by RetailSales, Apple is bringing in $5,626 per square foot. The next closest retailer, Tiffany & Co., sells $2,974 per square foot. According to Asymco, the average mall retailer brings in $341 per square foot.
Asymco notes, “The data shows Apple leading by a significant margin. 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.”
Apple is also continuing to grow those sales. The year-over-year change in sales has Apple Stores growing at a healthy 70.5%. The next closest retailer grew at 44.9% (lululemon athletica) and the other electronics retailers, GameStop (2.9%) and Best Buy (-0.6%) were among some of the poorest performers.
These numbers are for global results of retail space only; they do not include online, licensed, or other sales.They are for the most recently reported quarters, which for Apple is Q3 ended on June 25, 2011, though Apple’s reign as top performing retailer has lasted for years.
Apple has a financial call scheduled for April 24 where new retail numbers should be reported.