Interesting Facts About Apple’s Retail Stores

Apple has been under fire from New York Times over claims that Apple somehow doesn’t pay its retail employees as well as it should. While that remains a normative discussion, we can still give a look to what Apple does pay its employees at Apple Stores. Given below are these interesting facts.

Currently, there are a total of 30,000 Apple employees who work in Apple Retail  Stores. This number reflects Apple’s workforce in US alone. The average amount that workers at these stores earn is $25,000 a year.

However, Apple does seem to profit hugely from its retail stores. Last year, on average, Apple staff at retail stores brought in a whopping $473,000 for the company. Given the wild demand for Apple products, these Apple Retail Stores are thronged by buyers all day. Naturally, the profits of Apple stores are really high. In number, Apple stores bring $5647 more per square foot than any other U.S. retailer.

The article in NYT starts with the following words,

“By the standards of retailing, Apple offers above average pay — well above the minimum wage of $7.25 and better than the Gap, though slightly less than Lululemon, the yoga and athletic apparel chain, where sales staff earn about $12 an hour. The company also offers very good benefits for a retailer, including health care, 401(k) contributions and the chance to buy company stock, as well as Apple products, at a discount.”

Naturally, that should be good enough for Apple retail workers and to put Apple for a  greater scrutiny seems tad bit unfair.  We can see that retail workers at Apple do seem to the like the company, which is manifest in the 90% retention rate of technicians at Apple Genius Bars. The company has been paying its workers $11.91 per hour, at least, and this amount has reportedly been bumped by 25% recently.

Source: NYT

Courtesy: TNW

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