Damn , the Genius Bar is a bona fide mall hotspot . People love Apple ’s uninventive , glassy retail stores so much , the expensive gadget hubsboost sales at malls by 10 percent .
The Wall Street Journaltalked to real estate expertsabout Apple ’s oversize influence on American shopping shopping centre , and it ’s remarkable . In some promenade in New England , that figure is closer to one third of mall sales . This stand for Apple ’s encroachment on most malls is far more standardised to how a enceinte department store increases traffic than a normal retailer . People send packing more money in those sleek gizmo cube than they do at far larger and more expansive stores .
Apple is leverage its success by negotiating dirt cheap rental fees in compare to its sale . The eminent gross revenue volume can end up spiking rental for neighboring concern , so much thatother fund postulate that Apple be excludedwhen property owners are calculating how much rental distance is deserving .
The crazy part is , Apple ’s store are n’t the companionship ’s magnanimous author of revenue . All 450 worldwide storesonly report for 12 percentof the technical school giant ’s yearly sales gross . This is an passing moneymaking side hustle that crap J. Crew seem like a preppy slacker . [ Wall Street Journal ]
Image : Shutterstock/1000 Words
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