The Wall Street Journal has proven it can find fault with just about anything—this time it’s Apple’s retail operation. WSJ says that Apple retail—one of the most successful and different operations in the world—is suffering.
But then they have lines like this:
Sales at Apple Stores in the recently reported third quarter slipped to $4 billion, down slightly from a year earlier…
Most retailers would love to “slip” to that.
It [Apple] raked in $5,971 per square foot in 2012, up 17% from the $5,098 per square foot the year before, according to retail consultancy Customer Growth Partners. By comparison, Tiffany & Co. had sales of $3,453 per square foot in 2012, and popular yoga-clothes retailer Lululemon Athletica Inc. pulled in $2,464 per square foot last year.
Why not worry about Tiffany?
I wonder how much Microsoft makes per square foot? I know that’s a silly question for WSJ to ask.
Nobody goes to apple stores anymore, they are always too crowded.
HA! Exactly.
why do you care?
why do you care that he cares? and why are you here?
I am here because some idiot linked to this piffle on hacker news. Don’t worry, I won’t be back.
I am genuinely curious why someone would take offense to the article. Is it a critique of the wsj or a defense of apple?
WSJ and (sometimes) NYTimes seem to have a vendetta against Apple. Having said that, Apple stands on its own and shouldn’t be compared to MS or Tiffany’s. Wall Street does not assess a company based on where it is today alone. It makes assessment based on where you are today compared to yesterday, and where you might go tomorrow. So it’s fair to say that Apple retail sales have slipped even if the total remains awe-inspiring. It’s about trends.
Both.
Everybody likes a scandal. It it seems we humans like to focus on failure of others rather then success. I guess it sells news papers. I can’t see no other reason.
I love how the link is to Google Cache. Well played.
I’m having trouble following something here.. sales are down, but sales/sq. ft. are up. Usually this would mean.. some stores were closed?
Wow @ this sensational headline and epically moronic article:
“It May Be the End of the Apple Store as We Know It”
http://www.theatlanticwire.com/technology/2013/08/its-may-be-end-apple-store-we-know-it/67907/
Unreal.