Archive for February 5th, 2008

What’s Apple Got That Other Retailers Don’t?

Tuesday, February 5th, 2008

Unless you’ve been living in a cave, you know that Apple is enjoying amazing success. Their stock is up almost 135% for 2007, compared to Google’s 52%, and the NASDAQ Index, up 12%. While the iPhone and iPod deserve some of the credit, Apple’s ability to provide a great customer experience is at the root. TheirIs6750691
retail stores contribute $1.24 billion of Apple’s $6.2 billion in sales. That’s a 42% increase over 2006. And it translates into stores that generate sales at a rate of $4000 per square foot. All this amid statistics that show other retailers, like Dell, Nokia and Sony, are barely making it.

What’s the secret? To begin with, shopping in an Apple store is a complete ‘experience’. Bright lights and great acoustics fill the room with energy and help customers feel like they’re attending an important event, rather than simply shopping at a store. The overall design of the space also contributes to the experience and ties in closely to the products themselves.

But nothing makes the Apple store more appealing than its customer service. From smiling employees carrying handheld terminals for faster credit card swiping and experienced and knowledgeable technicians servicing customers’ problems from behind the ‘genius bar’ to ‘personal trainers’ offering customized workshops and training, Apple seems to have thought of everything when it comes to serving the needs of its customers. You can even make an appointment with a personal shopper, and recently, Apple began stationing concierge teams in each store.

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