Jeff Campbell
08-27-2009, 06:00 PM
<div class='os_post_top_link'><a href='http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=AAPL:US&sid=aK4TfewPa37M' target='_blank'>http://www.bloomberg.com/apps/news?...id=aK4TfewPa37M</a><br /><br /></div><p><em>"As vacancies increase and retail sales throughout the U.S. remain a shadow of the decade's boom, Apple Inc.'s stores are defying the recession."</em></p><p><em><img src="http://images.thoughtsmedia.com/resizer/thumbs/size/600/at/auto/1251160851.usr105634.jpg" style="border: 1px solid #d2d2bb;" /></em></p><p>In a year when many retailers are doing good to just break even, Apple increases their traffic 22% over the same period from last year, noting that during the quarter ending June 27th they had 38.6 million visitors. This translated into an increase in sales of 2.5%, or in US dollars that meant $3 billion coming through the doors. The <a href="http://www.apple.com/retail/fifthavenue/gallery/" target="_blank">Fifth Avenue</a> store alone generated $35,000.00 USD per square foot, which bested all the other stores along Fifth Avenue. One thing seems to be certain, Apple knows how to do retail. </p>