A previous post on retail sales in USA prompted the observation that if so many stores are closing, why are sales dropping?
So, if an average is $300, an Apple store at $6000 can equal 20 other similar sized stores closing. The first Apple store opened in 2001, and now there are 408 total, with over 250 in USA. So 20 time 250 means Apple would make up for 5000 other stores closing.
This is just a shift in consumer preference. Whereas once people enjoyed nice clothes, housewares, paper, rugs, and other soft goods, they now prefer to stare into an iPhone screen.
If the internet goes down, on some sort of Target/Heartbleed thing, whole lotta bored people will start looking around their drab surroundings and see they need a tailor.
Feel free to forward this by email to three of your friends.
As of 2005 annual store sales in the range of $300 per square foot ($3,000/m²) is considered a respectable result in the United States as the national average for regional malls is $341 per square foot,[1] but the target number depends on the location, the type of store and other factors. For example, the Forum Shops at Caesars Palace in Las Vegas sets a precedent for Las Vegas stores. The location has the highest sales per square foot of any mall in the nation at approximately $1,300 per square foot.[1] The average for specialty apparel retailers, for instance, is $400 per square foot ($3,000/m²), and according to Baseline Magazine the retailer Hot Topic achieves an annual $619 per square foot ($6,660/m²).
According to industry research firm RetailSails, Apple has the highest sales per square foot, with average in all their stores of $6,050 per square foot annually.[2]
So, if an average is $300, an Apple store at $6000 can equal 20 other similar sized stores closing. The first Apple store opened in 2001, and now there are 408 total, with over 250 in USA. So 20 time 250 means Apple would make up for 5000 other stores closing.
This is just a shift in consumer preference. Whereas once people enjoyed nice clothes, housewares, paper, rugs, and other soft goods, they now prefer to stare into an iPhone screen.
If the internet goes down, on some sort of Target/Heartbleed thing, whole lotta bored people will start looking around their drab surroundings and see they need a tailor.
Feel free to forward this by email to three of your friends.
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