Fifth Avenue Apple store said to gross $35,000 per square foot. Can it be true?
Move over Tiffany, Bulgari and Saks!
There may be a new top retailer on Fifth Avenue in New York City, one of the priciest shopping districts in the world, and it doesn't sell fancy baubles or super-chic ensembles, according to real estate experts.
Try iPods, iPhones, and everything else Apple. Yes, that's right, Apple may now be the highest grossing retailer on Fifth Avenue, per square foot, according to real estate experts cited in a Bloomberg story out today. (The video is here.)