Apple Inc. (NASDAQ:AAPL) is the most valuable retailer when it comes to sales per square foot, according to the most recent set of data from RetailSails.
Apple Inc. (NASDAQ:AAPL) topped the charts with $6,050 of sales per square foot of retail space, more than double its closest rival; Tiffany & Co. (NYSE:TIF), the jewellery seller, which manages $3,017 of sales per square foot of retail space. This is also a significant increase on the $5,626 sales per square foot that was reported mid-way through 2012.
None of the other retailers on the top 10 list managed to breach the $2,000 sales per square foot mark, making Apple’s result at the top even more exceptional.
Apple Inc. (NASDAQ:AAPL) also made it into the top ten in a separate ranking of the retailers, with the largest number of sales per store. Costco Wholesale came in at the top of the list with $137,170 worth of sales per store. Again, the jump between first and second place was huge, with Sam’s Club second on the list, with sales valued at $78,551 per store.
This is not the first time that Apple has trumpeted over Tiffany & Co in average sales performance per store.
A study earlier in the year by RetailSails showed that Apple stores perform 17 times better than the US retail average. Sales from the company’s brick-and-mortar stores generate 17 times more sales than the national average.
Among the top 20 retailers in the US, Apple Inc. (NASDAQ:AAPL) was seven times more efficient than the average and two times more so than runner up Tiffany & Co. (NYSE:TIF).
The detail for the two rankings was compiled by RetailSails from an analysis of over 200 American retailers throughout 15 sectors. Combined, the retailers studied operate more than 200,000 stores, generating over $1.6 trillion in sales.
While the numbers are astounding, it’s really not that surprising that Apple Inc. (NASDAQ:AAPL) is at the top of the list. The company generates some of the most desirable items on Earth, and people line up to purchase any new offering from the tech giant. Next year’s numbers should prove to be even more mind blowing than this year’s.
[Image Credit: RetailSail]