Apple Stores: The Most Profitable Retail In America
While online shopping is quickly dominating retail, there’s no substitute for a visit to the Apple Store. From the distinct style to the bright-eyed employees with an encyclopedic knowledge of the brand’s products, shopping at an Apple Store is an experience all its own.
If you count yourself among the Apple fanboys and fangirls, you’re in one of the biggest clubs in the world. As of July 2012, Apple has opened 363 retail hubs in 11 years, stores that shoppers have come to associate with the latest tech innovations. As part of the most valuable public company in the world, Apple stores make more money per square foot than any other U.S. retailer.
OnlineMBA created this graphic, which takes you behind the scenes of Apple’s in-store retail operations. One stat that particularly caught our eye: Getting a job at a Manhattan Apple Store in 2009 was harder than scoring a spot at Harvard, with a hire rate of just 2%. It’s no wonder they seek out the cream of the crop. In 2011, Apple store employees’ average sales per square foot were more than twice the sum of three of the retailer’s competitors (Best Buy, Costco and GameStop).