Apple Inc.(NASDAQ:AAPL) stores have outstripped Tiffany's as the most valuable retailer based on sales per square foot for the second year running, according to data from Retail Sails.
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Apple's retail stores earn $6,050 per square foot, while Tiffany earns $3,017 per square foot. Simply put, Apple stores generate double the cash generated by Tiffany’s per square foot.
These two companies are however way ahead of the competition since the third most profitable, Lulu Lemon Athletic, earns $1,936 per square foot, the data revealed.
Tiffany's is an iconic American chain, primarily known as a retailer of high-end jewellery but also selling other accessories including leather goods.
Apple, as we know, sells communication devices such as smartphones and tablet PCs, computing devices such as Mac desktops and laptops and entertainment devices such as the iPods.
Apple retains its top slot for the second year despite the fact that the company said that there was a dip in the growth rate of same-store sales, a key metric in determining sales growth for retailers.
The Retail Sails data also showed that the iPhone maker has also cracked into the club of top ten retailers with the highest overall sales per store.
Apple was No. 9, behind wholesale retailers like Costco and Sam's Club, as well as Neiman Marcus and Walmart.
Retail Sails surveyed about 200 American retailers, across 15 sectors, operating more than 200,000 stores and generating revenues of more than $1.6 trillion.