Apple store sales slip

Apple’s 390 stores remain the gold standard of retail — but they are showing some age spots. Sales per square foot throughout the chain fell 2.5 percent in the year ended Sept. 30 from the previous year, according to regulatory filings — after growing more than 20 percent in 2011, the NY Post told.

And while the Cupertino, Calif., company’s $4,592.20 in sales per square foot is the envy of every shop owner in the country — Tiffany’s $3,017 per square foot is the second best, according to a report yesterday — the growth in revenue per store is noticeably lower, the filings show.

The average Apple store posted a revenue gain of 30.2 percent in 2010 over the previous year — but that gain fell to 27 percent last year and just 19 percent in the most recent fiscal year, the company reported.  The troubling signs come as Apple’s shares recently fell 20 percent from their 2012 high.....

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