Retailers from around the world are hoping that we have a very happy holiday season. Brick and mortar retailers hope that e-commerce won't have has much as an impact on the retail sales in their stores.
RetailSails, a retail and consumer good consulting firm has released a list of the top ten retailers with the highest sales per square foot. Retail sales per square foot ranged from $6,050 for Apple to $1,081 per square foot for grocer Fairway market.
At the onset of the 21st century a number of these retailers were in their infancy. You may be surprised that the first Apple Store debuted on May 19th, 2001 with locations in Glendale, California and McLean, Virginia. Vancouver, British Columbia, Lululemon Athletica, the self described yoga-inspired athletic apparel company, was founded in 1998 and opened its first store in the beach area of Vancouver. Today, the company ranks in third position as the highest sales per square foot at $1,936.
The date was December 2002 when True Religion Brand Jeans was established in Los Angles, California. Over the past decade the company has opened more than 900 branded boutiques and specialty stores in 50 countries and 6 continents. The flagship store of the chain is located in Manhattan Beach, California in late 2005. The high price denim manufacturer ranks in seventh position with sales per square foot of $1,227.
Here is the RetailSales list of the top ten retailers with the highest sales per square foot (psf):
1. Apple $6,050 psf
2. Tiffany & Co. $3,017 psf
3. Lulelemon Athletica $1,936 psf
4. Coach $1,871 psf
5. Michael Kors $1,431 psf
6. Select Comfort $1,314 psf
7. True Religion $1,227 psf
8. Vera Bradley Designs $1,186 psf
9. Birks & Mayors $1,082 psf
10. Fairway Market $1,081 psf