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pilotError

macrumors 68020
Original poster
Apr 12, 2006
2,237
4
Long Island
From Silicon Alley Insider

Bloomberg Article

Silicon Alley Insider Article
People just won't stop buying iPhones!
As U.S. retail sales dropped 9% in the first six months of 2009, sales at Apple (AAPL) stores increased by 2.5% to $3 billion compared to the same period last year, Bloomberg reports.

The stores' performance can be credited to the iPhone, an analyst tells Bloomberg. The traffic to the Apple stores increased 22% to 38.6 million visitors in Q2 '09.

The star if the show is definitely the Apple store on Fifth Avenue in New York City. The 10,000 square-foot store has 500 employees, and it is open 24 hours, seven-days-a-week. It's annual sales are $350 million, estimates Jeffrey Roseman, a VP at Newmark Knight Frank Retail in New York. Previously, we'd heard the number was closer to $440 million.

To put that number in perspective, consider that Microsoft Zune sales are down to below $100 million per quarter.
 

pilotError

macrumors 68020
Original poster
Apr 12, 2006
2,237
4
Long Island
I'm a little bit shocked and surprised that anyone anywhere feels a need to keep an Apple store, and a big one at that, open 24/7 :eek:

Ahhh, but this is NY, which IS open 24/7. People work every shift here, it must be nice to get your Apple fix at 3AM! Besides, drunk people spend more! :eek: :D

I think the bloomberg article is more to the point

That’s the equivalent of selling one Mercedes-Benz C300 sedan per square foot. Apple may be the highest grossing retailer ever on Fifth Avenue, said Faith Hope Consolo, chairman of the retail leasing and sales division at Manhattan-based Prudential Douglas Elliman Real Estate. Apple doesn’t disclose store-specific revenue, said Amy Bessette, a spokeswoman at the company.

‘Thrilled’

By comparison, the sales floor at Tiffany & Co. sells as much as $18,000 per square foot, Consolo said. Another famous Fifth Avenue jeweler, Harry Winston Diamond Corp., sells between $12,000 and $13,000, she said. When asked to comment on Consolo’s estimate, a spokesman at New York-based Tiffany said the number was too high. Toronto-based Harry Winston doesn’t provide individual-store performance figures, said a company spokesman.
 
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