Apple Store Visitors: When it comes to retail revenues per visitor, Asymco has been keeping a close eye on Apple Inc. (NASDAQ:AAPL). And for good reason. The tech giant is showing that it can compete with the best of them.
Here is a brief rundown on Asymco’s findings:
“In the US, on a sales per square foot basis, Apple retail continues to perform twice as well as Tiffany & Co., the second best retailer, and three times as well as lululemon athletica, the third best retailer.”
As you can imagine, this report is nothing to take lightly. Not only is Apple Inc. (NASDAQ:AAPL) performing at a very high level in terms of its retail “sales per square foot,” but it is crushing the competition. Tiffany & Co., the retailer sitting in second place, cannot hold a candle to what Cupertino is accomplishing right now.
Best yet for Apple, the company continues to push forward. IN fact, the “latest quarter showed a 7% growth in visitors and a new record revenue of $57.6 per visitor.”
If Apple continues to improve its numbers, it is safe to say that it will leave the competition in the dust – even more so than it already has.
Here is some more information from the Asymco study, showing the dominance of Apple Inc. (NASDAQ:AAPL):
“Average visitors per store has steadied to 250,000 per store per quarter (average for trailing 12 months). This is a quantum increase from about 170,000 per store per quarter in the twelve months ending Q1 2010. The reason for this might be the increase in floor space of newer stores and the renovation of older stores. The new store throughput rate might be an upper bound due to fire regulations.”
To ensure that each and every Apple Store is able to keep up with demand, they are more than willing to bring on the appropriate help. Right now, “employment has steadied at about 110 per store.”
While this may not sound like a big number, take into consideration that this is twice as many as in 2007. This goes to show you just how much success Apple Inc. (NASDAQ:AAPL) stores have had over the past five years.
Are you interested in learning more? If so, we have included a couple of graphs, courtesy of Asymco. Check these out for a better idea of just how dominant Apple Inc. (NASDAQ:AAPL) has come in the world of retail.
See the graphs: