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Old Nov 13, 2012, 10:08 AM   #1
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Apple Again Tops U.S. Retail Chains in Sales at $6000 per Square Foot




Fortune points to a new report from research firm Retail Sails, which once again ranks Apple as the U.S. retail store chain with the highest sales per square foot. Apple's sales productivity is calculated at over $6000 per square foot, more than double that of second-place Tiffany & Co.

Apple also topped the list last year, with this year's 7.5% growth in sales per square foot ranking second among the top five companies to lululemon's 11.8% growth. Apple's retail store sales growth has, however, slowed considerably from Retail Sails' 2011 estimate of 49.1% growth as Apple has in some cases been transitioning to larger store sizes and expanded iPhone and iPad distribution has siphoned some demand from Apple's own retail stores.

Article Link: Apple Again Tops U.S. Retail Chains in Sales at $6000 per Square Foot
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Old Nov 13, 2012, 10:10 AM   #2
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And how does this make their last product innovative? Better? Worth the increasing price?

Yeah, one of those many many micro-news any corporation could do in other domains, that actually don't mean anything but Apple making money and obviously not investing it in R&D, quality or consumer prices anymore...but rather in ridiculous patent lawsuits.
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Old Nov 13, 2012, 10:11 AM   #3
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lololemon? what is it?
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Old Nov 13, 2012, 10:12 AM   #4
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Sweet.

Santa will be good to Apple!
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Old Nov 13, 2012, 10:13 AM   #5
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lololemon? what is it?
lululemon

It's athletic wear. A simple google search would have answered your questions?
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Old Nov 13, 2012, 10:14 AM   #6
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So why was Browett cutting costs? Thankfully he's going away.
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Old Nov 13, 2012, 10:18 AM   #7
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Is it bad that I've only heard of 3 of those...
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Old Nov 13, 2012, 10:19 AM   #8
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So why was Browett cutting costs? Thankfully he's going away.
From what I've read, to increase profits. That's kinda the point of a business. But I agree, why does Apple need even more profit than it has now?
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Old Nov 13, 2012, 10:20 AM   #9
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From what I've read, to increase profits. That's kinda the point of a business. But I agree, why does Apple need even more profit than it has now?
Apparently because if Apple only meets its projections, and doesn't beat them by ten percent, it's a sign that the company is doomed and the stock will drop by 20%.
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Old Nov 13, 2012, 10:22 AM   #10
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lololemon? what is it?
From my google search. Yoga clothes and running gear for men and women....wow $2000 per sq ft from that.
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Old Nov 13, 2012, 10:24 AM   #11
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From what I've read, to increase profits. That's kinda the point of a business. But I agree, why does Apple need even more profit than it has now?
So they can 'lease' more designs like that Swiss clock...
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Old Nov 13, 2012, 10:24 AM   #12
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Phenomenal!

To gross that much per foot when you are also the producer and cut out the "middleman" of traditional retailing is very impressive (to a shareholder)

It also points the way to future innovations in retailing that can be applied in other sectors though probably not as successfully.
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Old Nov 13, 2012, 10:25 AM   #13
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I think they forgot someone...

They really should have added the Microsoft stores. You know, for contrast.

http://techpinions.com/microsofts-retail-gamble/12312

Cheers!

---RASTER

Last edited by RASTERMAN; Nov 13, 2012 at 10:37 AM. Reason: added link
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Old Nov 13, 2012, 10:29 AM   #14
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I want to know the bottom 10.
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Old Nov 13, 2012, 10:34 AM   #15
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Originally Posted by blublibla View Post
And how does this make their last product innovative? Better? Worth the increasing price?

Yeah, one of those many many micro-news any corporation could do in other domains, that actually don't mean anything but Apple making money and obviously not investing it in R&D, quality or consumer prices anymore...but rather in ridiculous patent lawsuits.
yap.. but it means customers are buying Apple products and the store is a popular places for consumer to buy Apple stuff.. Do you know that Apple spent 3.38B in last fiscal year in R&D? How many company in the world do that?

If Apple product is not innovative or high quality, why would people buy their products? do you need to see your psychiatrist to talk out your anger issue?
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Old Nov 13, 2012, 10:37 AM   #16
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I want to know the bottom 10.
Then buy the survey from RetailSails.com. It only costs $349.

There is a list of retailers covered in the report on their website. I noted that MS is not even included in the list...
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Old Nov 13, 2012, 10:38 AM   #17
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yap.. but it means customers are buying Apple products and the store is a popular places for consumer to buy Apple stuff.. Do you know that Apple spent 3.38B in last fiscal year in R&D? How many company in the world do that?
Quite a few. Apple isn't even in the top 10

http://www.forbes.com/sites/matthewh...he-most-in-rd/

Also - R&D spending doesn't equate to being innovative.

http://www.businessinsider.com/booz-...y-2011-10?op=1

To your argument - Apple is considered very innovative (as of 2011) despite its lower R&D spending
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Old Nov 13, 2012, 10:39 AM   #18
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So why was Browett cutting costs? Thankfully he's going away.
It's in his nature, Dixons group is all about big red banners everywhere saying 'SALE'...very tacky stuff.

The stupid thing is, they aren't sales at all - they are always a good 20% more expensive than anywhere else.

Put it this way, they are the UK's equivalent to CompUSA, run by idiot corporate boys in their expensive suits, who know bugger all about the products they are selling.
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Old Nov 13, 2012, 10:39 AM   #19
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From what I've read, to increase profits. That's kinda the point of a business. But I agree, why does Apple need even more profit than it has now?
No, its because he is a one trick pony and that is all he knows how to do.
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Old Nov 13, 2012, 10:39 AM   #20
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yap.. but it means customers are buying Apple products and the store is a popular places for consumer to buy Apple stuff.. Do you know that Apple spent 3.38B in last fiscal year in R&D? How many company in the world do that?

If Apple product is not innovative or high quality, why would people buy their products? do you need to see your psychiatrist to talk out your anger issue?
I was talking with some people about Apple innovation. One of the things mentioned was the App store as being innovative when someone chimed in and reminded us that Apple was not the 1st. I was then reminded about Steam. I was irritated, but he had a good/valid point. He mentioned serveral things that we think of as "innovation", but were actually something Apple just made better (much better in many cases).
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Old Nov 13, 2012, 10:41 AM   #21
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How many bodies is that per sq. ft? I grew so tired of squeezing into Apple stores with the crowds I avoid them.
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Old Nov 13, 2012, 10:42 AM   #22
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How many bodies is that per sq. ft? I grew so tired of squeezing into Apple stores with the crowds I avoid them.
I have to agree. Very few people are actually buying whenever I've been in their - most go in there for the free wifi, to check emails and facebook...feel like slapping them sometimes.

Not sure why Apple still havent blocked access to social networks on their in-store wifi. I know they want to draw people in to use the machines, but surely they arent getting a sale anyway from someone who's only purpose in the shop is to post a status update.
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Old Nov 13, 2012, 10:45 AM   #23
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From what I've read, to increase profits. That's kinda the point of a business. But I agree, why does Apple need even more profit than it has now?
Why do some millionaires and billionaires oppose paying taxes? Because to them, you can't have to enough money.
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Old Nov 13, 2012, 10:45 AM   #24
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Apple $6050 per square foot (gross sales per year). Yesterday JC Penny CEO Johnson said he is targeting $250 per square foot in late 2013. I don't happen to know what it is now, perhaps half that.

Here's a link with a more comprehensive list of different industries and psf sales:

https://docs.google.com/viewer?a=v&q..._ARuHxqnmGasNA

Given Apple has 40% margins I suspect its NET psf is astronomically higher.

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Old Nov 13, 2012, 10:46 AM   #25
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I have to agree. Very few people are actually buying whenever I've been in their - most go in there for the free wifi, to check emails and facebook...feel like slapping them sometimes.

Not sure why Apple still havent blocked access to social networks on their in-store wifi. I know they want to draw people in to use the machines, but surely they arent getting a sale anyway from someone who's only purpose in the shop is to post a status update.
Make it a nice place to be, people come, and maybe the buy, maybe they don't. But you don't make sales by making your floor space hostile to visitors.
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