Apple’s retail stores are earning a staggering $5,546 per sq ft making them the most profitable retailer in sales per square foot. The average sales per sq ft has declined to $325 in recent years, down from nearly $375 in the early 2000s.
With sales per square foot viewed as a major component of retail success, according to industry data provided by eMarkter, the #1 retailer in sales per square foot is Apple Inc., which did a staggering $5,546 per square foot. Having launched the first iPhone 10 years ago, it’s speculated that this next milestone iteration of the iconic product could produce Apple’s strongest sales to date.
Leading food service retail with sales of $3,970 per square foot is the Reis & Irvy’s robotic frozen yogurt vending kiosk. The top gasoline retailer is Murphy USA which offers motor fuel products and convenience merchandise. It had with sales of $3,721 per square foot. Tiffany & Co leads the jewelry retail industry with sales of $2,951 per square foot and lululemon Athletica is the top apparel retailer with sales of $1,560 per square foot.