Friday Retail Quick Facts: Apple Stores
Fri, Feb 17, 2:31 PM ET, by RetailSails.com
Some incredible facts about Apple Stores globally for the calendar year ending Dec 31, 2011:
- Sales increased 40.4% to $16.4 billion – 3-YR CAGR is 32.6%, 5YR-CAGR is 37.0%
- The $16.4 billion in retail sales from Apple Stores (and not including online/iTunes/apps revenues) would already place them as the 18th largest (non-grocery or restaurant) retailer in America
- Sales per average store increased 24.9% to $48.9 million in 2011 and is up from $31.9 million just 3 years ago
- This places them 7th out of 181 chains we track even though their average store size (8,400 sq ft) is significantly smaller than the 6 retailers ahead of them: Costco (142,600 sq ft), Sam’s Club (133,500 sq ft), Walmart U.S. (162,300 sq ft), Nordstrom Full-Line Stores (177,400 sq ft), BJ’s Wholesale (109,000 sq ft) and Village Super Market (57,300 sq ft)
- They still manage to out-perform Cabela’s (137,600 sq ft), Neiman Marcus (92,700), and Target (133,500) and generate more than 3 times the sales per store of JC Penney (100,100 sq ft)
- Sales per average square foot increased 16.8% to $5,910 in 2011 and is up from $4,265 3 years ago
- This places them 1st out of the 181 chains we track by a wide margin: nearly double that of Tiffany & Co ($3,169), more than triple the sales per sq ft of Coach ($1,927), almost 6 times that of GameStop ($1,044) and more than 7 times the metric at Best Buy ($819)
- Apple Stores hosted 332.3 million visitors last year, up 28.9% from 2010 and more than double the 154.8 million in 2008 – this breaks down to:
- average of 991.9 thousand per store for the year
- average of 248.0 thousand per store per quarter
- average of 82.7 thousand per store per month
- average of 18.7 thousand per store per week
Tagged: apple (AAPL), retail sales, retail trends
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