Tiffany

Two 'Tiffany' stories November 2012 - May 2014

13th anniversary of first Apple Store: risky gamble to most profitable retail space in the world

[youtube=https://www.youtube.com/watch?v=Ce02galgfRo]

Today marks the 13th anniversary of Apple’s retail stores, the first ever store having opened at 10am on 19th May 2001 at Tysons Corner Center in McLean, Virginia. The video above shows Steve Jobs giving a preview of the store six days before it opened, and below the fold you can see an animated GIF of the growth of the U.S. stores since then.

Amazing as it seems today, the move was considered at the time to be a risky gamble, with critics arguing that they couldn’t possibly make money. Businessweek ran a story entitled Sorry Steve, Here’s Why Apple Stores Won’t Work and TheStreet.com agreed in a piece headlined Apple’s Scraping the Bottom of the Barrel …
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Apple Stores once again top highest sales per square foot list in US

Retail Sails (via Fortune) is out today with its list of U.S. retail stores that have the highest sales per square foot, and not so surprisingly, Apple has once again beat out No. 2 Tiffany’s for the top spot. Apple Stores came in with an average of $6,050 per square foot, over $3,000 more than closest competitor Tiffany’s. The full report includes profiles of 200 chains across 15 sectors, and it put Apple Stores at No. 9 for highest sales per store.