Apple Again Tops U.S. Retail Chains in Sales at $6000 per Square Foot

[Rocketman]

I heard the recent figures on JCP psf revenues for pre ($134) and post ($269) retrofit. 11% have been retrofitted. 7m sf have been retrofitted since 8-1-12. Apple by comparison has a bit over 3m sf of retail in 11 years.

JCP market cap is $3.8B. Pocket change for Apple and includes a bunch of real estate.

Rocketman

[croooow]

Originally Posted by lifeinhd

The Tysons store was the first Apple Store in the world. I think they just chose a spot, not really giving thought to size as they had no idea how it would turn out. Then Reston and Fair Oaks were built as "overflow" stores to handle extre traffic from Tysons.

Just my thoughts.

Originally Posted by Breaking Good

Seriously!? In the entire world?

I would have thought they would have opened their first store in California someplace. It seems strange they chose Washington D.C.

Well, technically, they opened two Apple stores on the same day: May 19, 2001. Tysons Corner Center mall in Tysons Corner, Virginia and Glendale Galleria in Glendale, California. But with time zones, Tysons was open first.

http://www.cultofmac.com/95409/may-2...e-store-opens/
Look how young Steve Jobs looked in 2001.

I remember those black shelves and iMac registers near the entrance! They used to have registers!

[fiveainone]

Originally Posted by mccldwll

do you personally always consider yourself a victim every time you buy something? That must be rough.

:d :d :d

[Marrakas]

Just proves what we all knew, Apple products are overpriced as hell.

[gmanist1000]

Sales per square foot? Never heard of that before

[steve119]

Originally Posted by gnasher729

I knew a store in Windsor (near London) that had a closing down sale for about eight years.

What are you on about, the DFS sale has been going forever. lol

[doelcm82]

Originally Posted by Marrakas

Just proves what we all knew, Apple products are overpriced as hell.

Apple products are priced to sell, and they do.

[LagunaSol]

Nice to see the Communists out in force today. Business = bad. Profit = bad. Success = bad. Power to the Proletariat State, comrades!

[Edsel]

Instead of purchasing for my wife an expensive ring or a bracelet from a "cheap" Tiffany store, I'll purchase a cheap iPod nano case from the more expensive Apple Store.

[Marrakas]

Originally Posted by doelcm82

Apple products are priced to sell, and they do.

Still overpriced

[JHankwitz]

Originally Posted by guzhogi

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 you want more money for what you do? You're doing fine now with what you're making.

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Originally Posted by apolloa

And oohhh, oh look Apple sold more then Tiffany's!!!!!! Yeah, not really surprising..

No, Apple sold more per square foot then Tiffany's. Big difference.

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Originally Posted by apolloa

Well, still means nothing to me. A useless stats in my opinion.

We need to allow for some uneducated people visiting this site I guess.

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Originally Posted by iLog.Genius

Haha. Another year, another first year finish in terms of $/sq. ft. Apple will continue to enjoy jamming this factoid every meeting/orientation. They are very proud of this stat.

Absolutely! Every company's primary focus is to make everything it does more effective and efficient. This is the primary metric used to illustrate how well they are doing that. Congratulations Apple!

[michaeldigital]

Originally Posted by blublibla

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.

Apple invested over $1 Billion in R&D last year.

As far as pricing, most people are only concerned with TIC and not TOC. TIC =Total initial cost. TOC =Total cost of operation. After a 5 year period Apple products cost less to maintain and run that similar products from other manufacturers and generally have a much longer useful life span and a much higher resale value. Check used prices on eBay vs. PC's..

[Zwhaler]

Wow over 2x second place, Apple dominates at this.

[Rhymecrafter]

Originally Posted by rmwebs

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.

Basic strategy, every time you take something away at the retail level you reduce numbers. Numbers equal sales, you only have to look at everybody else on this list to know why Apple does it the way they do.

Good example, how many times have you seen a sign "restrooms for customers only", yet practically everybody I know, who uses a restroom at a retail store will buy something just to feel ok about using the facillities (basic human psychology). There are always exceptions, but the basic principle applies. Let the people in for the reason they want and they will spend money, be it today or tomorrow, they are experiencing the product, the staff, the location, you name it...

[AidenShaw]

Originally Posted by Zwhaler

Wow over 2x second place, Apple dominates at this.

Other than Tiffany, how many of the other 9 have you even heard of?

Makes it kind of suspect if you ask me....

Originally Posted by Rhymecrafter

Good example, how many times have you seen a sign "restrooms for customers only", yet practically everybody I know, who uses a restroom at a retail store will buy something just to feel ok about using the facillities (basic human psychology).

Do Apple stores have restrooms? If they did, all that glass would make me a little embarrassed to relieve myself.

[SPUY767]

Originally Posted by Avatar74

That can be an indication that the market was overpricing the stock. The company's tangible per share book value is way below even the current market price... so the premium for future cash flows could be too steep (and given the last two quarters performance, I think it is a little steep...).

Yet Amazon is allowed to meander along in fantasy land with its P/E of over three thousand. THe P/E ratio is the number one indicator of whether or not the market is overpricing the shares. The market hates Apple, for no good reason. Apple's P/E ratio even after the "bad" quarters is still lower than almost any blue chip other than petroleum stocks. It's lower than Coca Cola, Home Depot, Walmart, Microsoft, General Electric and IBM just to name a few.

[AidenShaw]

Originally Posted by SPUY767

The market hates Apple, for no good reason.

How about decades of arrogant behaviour for a reason?

Or how about pointless lawsuits against unrelated companies?

Or how about contempt for the UK courts?
________________

There are lots of reasons to hate Apple.

[SPUY767]

Originally Posted by AidenShaw

How about decades of arrogant behaviour for a reason?

Or how about pointless lawsuits against unrelated companies?

Or how about contempt for the UK courts?
________________

There are lots of reasons to hate Apple.

Off topic much? I don't care how arrogant a company is. Hubris should not deter sound investment.

[MacinDoc]

Originally Posted by AidenShaw

Other than Tiffany, how many of the other 9 have you even heard of?

Makes it kind of suspect if you ask me....

You are saying that tongue in cheek, right, Aiden? That list is practically a who's who of the trendiest brands in the market today. Well, with the exception of Fairway Market, which I believe is a boutique supermarket.

[otherjobs]

Originally Posted by AppleMacFinder

lololemon? what is it?

Similar to lolwutpear:

[cdubb80]

Originally Posted by AppleMacFinder

lololemon? what is it?

Lululemon was Started in Vancouver and has even spread to Australia.
It's target market is definitely not the same as those who post on the forum.

Very popular among young and middle aged women, and gay men.

Can see the logo on the butts of many ladies wearing yoga tights.

[LFMNX]

$6000 per sq ft per ? day, week, month, or year?

[gpzjock]

Good thing Apple are coining it in the states, looks like they are going to have a rough ride in the UK over their tax avoidance strategy, in the near future: http://www.bbc.co.uk/news/business-20197710

[Tigger92]

Originally Posted by samcraig

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

Your absolutely right. Both IBM and Microsoft (worked at IBM and have some ongoing projects at MS research) have much less to show in the way of products for the amount of research dollars spent.

Of course, IBM has a tendency to generate cool new ideas, but do so much earlier than the public is ready for them and consequently shut the program down or shift for geopolitical reasons.

Microsoft, on the other hand has some of the neatest work going on in their labs, but due to the conservative nature of Ballmer and the rest of the corporation, most never see the light of day. "Surface" is one of the very few that has made it into a product.

[Rocketman]

Originally Posted by LFMNX

$6000 per sq ft per ? day, week, month, or year?

Year.