The graphic below orders each of the select 39 brands by average annual sales per square foot of retail space. When it comes to creating a vibrant, robust retail district within the community, knowing how each piece of the puzzle fits together can make or break a new strategy. A shopping mall … Total retail sales in the United States were projected to be around 6.03 trillion U.S. dollars in 2022, up from 5.4 trillion U.S. dollars in 2018. Number of Starbucks locations worldwide 2003-2019, Market share of leading carbonated beverage companies worldwide, Revenue and financial key figures of Coca-Cola 2009-2019, Profit from additional features with an Employee Account. Then you can access your favorite statistics via the star in the header. Is the business planning on entering that space in good financial health, or are they showing signs of future financial difficulties? In 2017, there were approximately 116,000 shopping malls spread across the United States, whereas back in 1970, there were only 37,000. one-stop shopping experience where one can visit multiple retailers and make several purchases at one location. The data are aggregated from SEC filings and supplemented with independent research. Average Sales per Foot - US Shopping Malls retail industry benchmarks Average Annual Sales per composite average of available major US Shopping Mall data Average sales per gross square foot Jewelry $ 880 However, many retailers report data based on selling (retail) space which is typically between 60% to 90% of gross store space. Saratoga Springs, NY 12866 The Santa Monica, California REIT owns 48 regional malls, including such stellar performers as the 963,000 square-foot Queens Center Mall in Elmhurst, New York and the 1.97 million-square-foot Tysons Corner Center in Tysons Corner, Virginia. Please contact us to get started with full access to dossiers, forecasts, studies and international data. Retail data provided publicly through market research firm eMarketer can help answer these questions. Profit from additional features by authenticating your Admin account. "Sales per Square Foot of The Leading 10 Malls in The United States in 2017 (in U.S., The Case of Disappearing Main Street Retail. Accessed November 30, 2020., CNBC. Register in seconds and access exclusive features. The ideal entry-level account for individual users. New, Everything you need to know about the industry development, Find studies from all around the internet. A store occupying 15,000 square feet (about 1,394 square meters) within a mall will typically have higher sales dollars than a store occupying only 1,500 square feet (about 139 square meters). Dollars). According the 2014 Annual Report for the International Council of Shopping Centers (ICSC) 9 Malls in the U.S. posted their highest sales per square foot ($475) ever-recorded in 2013 Consumers visited malls on average 3.4 times per month with an average stay of 84 minutes per trip. The firm once again compiled a list of the most productive malls, evaluating each center's sales per square foot (click ahead to see the top 10). The eMarketer dataset is a valuable tool for anyone working to grow and support the retail sector. In 2014, mall sales productivity reached an annualized $475 per square foot. Please authenticate by going to "My account" → "Administration". Update, Insights into the world's most important technology markets, Advertising & Media Outlook The leading shopping malls in the United States have significantly higher sales per square foot than those of the average department store retailer. 518.899.2608 Of course, there is going to be variability in square footage from store to store across each of these brands, but given the large sample size for each brand (no brand has less than 245 separate locations), these values represent a strong trend in size from company to company. Directly accessible data for 170 industries from 50 countries Not all retailers report using the same basis for store square footage. Mall Sales Per Square Foot Figures May 03, 2011 Sales-per-square-foot at malls peaked in 2007, but the average rose $20 per square foot in 2010 over 2009. Like the Pheasant Lane Mall, The Mall … CNBC. Overall, the … Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Please do not hesitate to contact me. Clothing and shoe brands tend to run the gamut, from just barely $130 per square foot at Dressbarn to over $600 for Fossil and Victoria’s Secret. (January 29, 2018). Then you will be able to mark statistics as favourites and use personal statistics alerts. Retailers use this data to examine differences in same-store sales over time. Are you interested in testing our corporate solutions? Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from, Leading shopping malls in Canada in by sales per square foot 2019, Big-Box and department stores revenue in the U.S. 2006-2020, Retail sales of Hudson's Bay Company 2012-2018. The eMarketer data includes over 200 entries. Of course, these values do not hold constant across all communities, but they do give a sense of scale. facts. You need at least a Single Account to use this feature. Learn more about how Statista can support your business. For example, 11,000 square feet of leasable space could accommodate a somewhat large Williams-Sonoma, or a mildly petite Urban Outfitters. Corporate analysts use this data to compare sales in different store locations of a … Does the local consumer market have the "rooftops" and necessary incomes to support a certain store and, if so, do they sufficiently demand the products that that store will sell? You can only download this statistic as a Premium user. Statista. This statistic shows the sales value per square foot of selected specialty retail stores in the United States in 2006 and 2016. For example, the Monthly Mall Merchandise Index, maintained by the International Council of Shopping Centers (ICSC), reported sales per square foot in sporting goods stores and bicycle shops of $20 for July 2006. Some takeaways are immediately obvious: high-end stores like Tiffany’s and Coach dominate in terms of sales per SF, while discount shops only occasionally scratch the $200-per-square-foot mark. For this assessment, the following criteria was employed to select the 39 retailers that were assessed: In addition to the data shown here, eMarketer also provides high-level company financial and marketing data. 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