Apple Stores Profit 17X More Than Other Top Retailers, Generate 8X More Revenue

Posted by Knowlton Thomas

Apple's brick-and-mortar stores are—by far—the most profitable of any retailer in the world. New research from RetailSails reveals that Apple is currently raking in an incredible $6,000 annually per square foot of store space.

The average annual revenue per square foot among the top 20 retailers is only $787, just 13% of Apple's. And Apple outshines them even more profoundly in terms of profit: RetailSails found Apple stores to be 17X more profitable than the average retailer.

Luxury fashion retailers dominate the list—Tiffany & Co, Coach, and Polo Ralph Lauren all make the top five—but no one comes even close to Apple's numbers. GameStop and Best Buy are the only other tech-related retailers in the top 20.

Apple launched its first Apple Store in 2001. It now has nearly 400 stores worldwide, including more than 20 in Canada.

Chart: RetailSails, Asymco

Related Articles


blog comments powered by Disqus

Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing tennis, hiking, and exploring weird side streets. more



Who's Hiring



Recent Comments

Powered by Disqus