Retail Refugees


Bright lights in retail darkness
April 13, 2010, 10:55 am
Filed under: Market Info, Stores | Tags: , , ,

While the majority of major retailers have been hit during the recession, Forbes reports that among others Apple, Amazon and Urban Outfitters have not only managed to stay afloat, but to do exceedingly well in recent times!

Apple, which has taken the retail world by storm with its own outlets. Customers regularly crowd into the small, cozy Apple Stores to scoop up Macs and iPods, vaulting Apple to the top of the industry for revenue per square foot. Apple Store sales have nearly doubled over the past three years to $9.6 billion.

Amazon.com continues to roll up higher sales — almost 80 percent growth over the past three years — even though some industry analysts see the company maturing in the U.S. Once little more than an online bookseller, Amazon has become the go-to spot for shoppers looking for convenience and reasonable prices on a wide range of merchandise, including consumer electronics.

The casual dining sector is crowded and struggling, but some chains have carved out distinctive niches and rung up strong sales growth. Chipotle Mexican Grill, Texas Roadhouse and Buffalo Wild Wings have steadily opened outlets while growing revenue 47 percent to 61 percent since 2006. The keys: nice decor, friendly service, consistent food and, of course, low prices. Sounds simple enough, but too many chains trying this model fail to distract customers from the fact that they’re out for a discount meal.

Image: Urban Outfitters

Forbes

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