Ian Sherr and Joann S. Lublin:
To be sure, Apple Store sales continue to be the envy of other retailers. It raked in $5,971 per square foot in 2012, up 17% from the $5,098 per square foot the year before, according to retail consultancy Customer Growth Partners. By comparison, Tiffany & Co. had sales of $3,453 per square foot in 2012, and popular yoga-clothes retailer Lululemon Athletica Inc. pulled in $2,464 per square foot last year.
An entire article about how Apple Stores are losing their luster — complete with a paragraph that undercuts the entire argument one-third of the way through. Even in a typically weak quarter for the stores, Apple was far ahead of Tiffany’s. Tiffany’s!
But the insane growth is stalling. I guess Apple should start selling barrels of crude oil in their stores. That’s about the only way to combat the law of large numbers at this point in order to win back the tech press. And clearly, diamonds won’t be enough.