updated 04:35 pm EDT, Tue August 30, 2011
New Canadian store opening Saturday
Apple ranks 34th in the US in terms of retail revenue, according to a Chain Store Age Magazine survey. During 2010 Apple managed $9.82 billion through its retail stream, allowing it to leapfrog out of 57th place. A separate analysis by RetailSails recently placed Apple first in the US in terms of sales per square foot.
The top 20 companies have remained fairly static, with only a few position swaps, Chain Store remarks. The survey's leader is Walmart, which generated $418 billion in 2010 via its 8,970 stores. Second and third place are occupied by grocery chain Kroger and warehouse outlet Costco. Industry trends are reportedly seeing many chains -- including even Target and Walmart - shrink or close shops, or in some cases turn to international markets to boost income.
Apple is opening a new Canadian location this weekend. The Mapleview Centre store is based in Burlington, Ontario, and will launch this Saturday at 9:30AM Eastern. Burlington is notably within the Greater Toronto Area, which is already home to several Apple Stores, including four in Toronto proper.