$2,489 vs $971 Revenue Per Square Foot


photo by ifoapplestore.

Steve Lohr takes an interesting look at Apple’s retail store initiatives (high end, expensive locations, large open spaces and lots of space to play with the goodies), their inspiration and performance:

“We had to design an experience that was as big as the space,” said Mr. Johnson, 47, who is senior vice president in charge of the stores. “When your product line is the size of a conference table, that is a real risk.”

Taking that risk has paid off handsomely so far. Since it opened its first two stores five years ago today, the Apple chain has become a retailing phenomenon. Necessity and inspiration led Apple to toss out the conventional textbook on computer stores and to ignore the rules of location, design, staffing and services provided.

Revenue for each square foot at Apple stores last year was $2,489, compared with $971 at Best Buy, the big computer and electronics retailer, according to Forrester Research, a market research firm.

This evening, Apple is opening a showcase store in Manhattan that will burnish the company’s reputation for clever design. The entrance to the store, on Fifth Avenue between 58th and 59th Streets, is a glass cube, 32 feet on each side, with a suspended Apple logo inside. Customers walk down a circular staircase — or take a cylindrical glass elevator — to the 10,000-square-foot store below. The store will be open 24 hours a day, seven days a week — a first for Apple and an acknowledgment of New York’s status as a round-the-clock city.

Study: Only One in Four Teens Can Name Broadcast Networks

Abbey Klaassen:

For the week of the broadcast network upfront presentations, Bolt Media hopes this stat delivers a bullet to TV: Only one in four 12- to 34-year-olds can name all four major broadcast networks: ABC, NBC, CBS and Fox.

The finding comes via an online poll conducted by Bolt Media, a 10-year-old Web site that six weeks ago relaunched itself as a place for users to upload videos and photos. About 400 members responded to the questions, including one that asked how respondents spent their free time.

There certainly are some questions about this, given the source of the poll, however, the media fragmentation trend cannot be denied.

Honda Civic GX: A Real, Available Car, Powered by Natural Gas

Speaking of Honda:

Recognized by the Environmental Protection Agency (EPA) as the cleanest internal-combustion vehicle on Earth, the Civic GX is perfect for getting around town and running everyday errands. In fact, the California Air Resources Board gave the GX an AT-PZEV emissions rating, which means it’s still the “Cleanest on Earth.” And it’s been completely redesigned for 2006 with a new modern, aerodynamic exterior, and ergonomic, supportive seats. The GX has everything you’d expect from a Civic, like a roomy cabin and proven performance. And because it uses compressed natural gas, the GX achieves remarkable fuel-cost savings, and helps decrease the world’s dependence on oil. The Civic GX promises to lead the way to the advancement of fuel-cell vehicles, sooner than you might expect.

via autoextremist:The Civic GX, which is rated at an EPA estimated city/highway fuel economy of 28/39 miles per gasoline-gallon equivalent, is the only dedicated natural gas-powered passenger vehicle available to retail customers in the United States. 2006 Civic GX owners will be eligible for a Federal tax credit of $4,000 for the car and up to $1,000 for the purchase and installation of “Phill,” the natural gas home refueling appliance from FuelMaker Corporation.

More on Phill, via email:

The price of Phill is $3400 US plus shipping ($150) plus installation. An indoor installation will also need a mandatory external gas sensor for $120. A “typical” installation can range from $1000 to $1500. Your actual cost of Phill could be reduced depending on where you live, and what incentives are offered in your area.
Please note that at the moment Phill is only available for purchase if you live in California, Arizona, Maryland, Washington D.C., New Jersey, Oklahoma, Nevada, parts of New York, and a select few other cities such as Salt Lake City (UT), Milwaukee (WI), Dallas (TX), Denver (CO), Chicago (IL), and Knoxville (TN).
To continue with the purchase process we will need some basic information from you in order to put your name on the waiting list. If you are interested, please contact Phill Customer Service at 1-866-697-4455 (toll free), or let us know the best way to reach you.