Retail sales in the United States increased 0.8 percent in March, beating expectations of 0.3 percent, according to the latest report from the Commerce Department last week. Although retailers and consumers have been surviving elevated unemployment levels and gasoline prices, which retailers are poised for longer-term success?
RetailSails, a premier resource for fact-based insight and analysis on the U.S. retail industry, recently completed a report on the store productivity of 178 U.S. based retail chains, spanning 16 sectors and over 200,000 stores. In total, the report covered $4.6 billion square feet of store space and over $1.5 trillion in retail store sales in the last year.
The following is a list of the top 6 companies based on highest sales per square foot:
To little surprise, Apple Inc. (NASDAQ:AAPL) ranked number one on the list with $5,647 of sales per square foot, nearly double of the retailer in second place. Shares of the iGadget maker have stumbled in April, but are still up 40 percent year-to-date.
Tiffany and Co. (NYSE:TIF) came in second place with $3,085 of sales per square foot. The company has been the world’s premier jeweler and America’s house of design since 1837. Shares have gained 1.12 percent year-to-date, but have surged 138 percent over the past three years.
Coach Inc. (NYSE:COH), a leading American designer and maker of luxury lifestyle handbags and accessories, ranked third with $1,824 of sales per square foot. Shares of the New York based company have gained 23 percent year-to-date.
Coming in at number four on the list is Lululemon Athletica Inc. (NASDAQ:LULU). The company was founded in 1998 and makes technical athletic apparel for yoga, running, dancing and most other sweaty pursuits. Lululemon had $1,800 of sales per square foot in 2011. Year-to-date, shares have surged nearly 60 percent.
True Religion Apparel Inc. (NASDAQ:TRLG) brought in $1,096 of sales per square foot last year, making it the fifth highest on the list. The company designs, manufactures and markets True Religion Apparel products, including its premium True Religion Brand Jeans. After posting strong gains in 2010 and 2011, shares are down 26 percent for 2012. Shares experienced a sharp sell-off in February after reporting disappointing fourth quarter results and outlook.
Although the state of brick and mortar video game stores are in question due to the rise of social gaming companies such as Zynga Inc. (NASDAQ:ZNGA), GameStop Corp. (NYSE:GME) ranked sixth on the list with $1,021 of sales per square foot. The company was founded in 1994 and is a nationwide retailer of computer and console video games, both used and new. Shares have declined more than 7 percent this year and almost 30 percent over the past three years.
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