According to research provided by CoStar, sales per square foot at
all but a few public retailers have declined to an average of
around $325 in recent years, down from nearly $375 in the early
2000s. There’s little doubt that the online giant Amazon.com, Inc.
has been disrupting traditional retailers, however, several
companies have managed to grow sales despite the declining trend
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. […]
Leading the jewelry retail industry with sales of $2,951 per
square foot, Tiffany & Co., through its subsidiaries, designs,
manufactures and retails jewelry and other items worldwide.
What Apple understands and its critics did not (and still do not)
is that many people, from all walks of life, simply appreciate
nice things. They accuse Apple of pretension and elitism, but it’s
they, the critics, who hold that the mass market for phones and
tablets is overwhelmingly composed of tasteless, fickle shoppers
who neither discern nor care about product quality. […]
Apple is not selling caviar against cheese and crackers. They’re
selling better-tasting cheese and crackers, and all you have to
do is come into their store and taste some to believe for
yourself. Anyone who believes Apple is about to have the rug
pulled out from under the iPhone and iPad by commoditized Android
devices should spend a few minutes inside an Apple retail store
this holiday week.
2012 was the peak of Android/Samsung mania. A lot of people really did think Apple was about to have its lunch eaten in the phone and tablet markets.