how large is the average retail store
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How Big are Big-Box Stores? That's just under 6 acres. The parking lots that surround these stores are generally four to seven times their size. Barnes & Noble and Borders Books stores range from 25,000 to 45,000 square feet. Walgreens, Rite Aid, and CVS build stores of about 15,000 square feet. Starbucks coffee shops range from 500 to 8,000 square feet. As for independent retailers, a full-service neighborhood grocery store might be 10,000 square feet. Locally owned hardware stores generally range from 4,000 to 20,000 square feet. An independent bookstore might be 4,000 square feet.
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- There are large economies of scale in operations and purchasing. Small grocers can compete effectively only by offering specialty products or better produce or special services such as take-out food. The average supermarket of large chains has $14 million in annual revenue, and revenue per employee of $150,000.Companies with fewer than five stores have annual revenue per store of $6 million and revenue per employee of $130,000.ariety of Store Formats-Several different store formats have evolved recently to take advantage of changing consumer buying habits. A typical new store is less than 49,000 square feet, declining for the first time in five years. The largest section of the new stores is often bakeries (2,100 square feet).
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Weather in Sydney - Know The Best Time To Travel Weather in Sydney in March. The weather in Sydney in March is still warm at night throughout the early-to-mid March. Most night-time temperatures drop down to around 18°C in the city near the beginning of March, however, by the end of March, overnight temperatures begin to hover between 16-17°C.
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Meijer, Inc. Company Profile. Meijer (pronounced Meyer) is a retail giant in the Midwest. The company's huge combination grocery and general merchandise stores average 200,000 to 250,000 sq. ft. each (or about the size of four regular grocery stores) and stock about 120,000 items, including Meijer private-label products.
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What is a Convenience Store? In the not too distant past, every convenience store looked about the same -- 2,400 square feet of packaged consumer items. Today, companies in the industry are approaching markets with different types of stores and different product offerings.ustomers are usually people buying gasoline. However, there are stores of this size in urban areas which may or may not sell gasoline. Limited Selection Convenience Store. These stores, which range from 1,500 to 2,200 square feet, are becoming more numerous.
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Figuring Out How Much Retail Space You Need To get an estimate on how much selling space your store must have, divide the planned sales volume by your industry's sales per square foot. Let's say you believe your proposed bookstore will do $250,000 per year in sales and market data says the average sales-per-square-foot in a bookstore is $150.
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50 Statistics about grocery shopping that you may want to know about These approximately 120,000 square-foot stores have 60% to 70% GM/HBC and a grocery line dedicated to large sizes and bulk sales.
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How Much Does It Cost on Average to Lease a Store Space at a Mall? Quick Answer. Prices for leasing store space in a mall vary depending on location and market factors such as supply and demand. The national average mall retail space cost in 2015 was $41 per square foot, according to the International Council of Shopping Centers. Continue Reading.
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Apple retail stores 'bulging at the seams' at 8400 average square feet Apple retail stores 'bulging at the seams' at 8400 average square feet. Apple's original vision for its retail operations is proving too small, as the company's stores are continuously mobbed with crowds looking to buy iPhones, iPads and Macs.
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The 9 most successful retail stores in the USA Apple (AAPL) has the most successful retail stores by a wide margin. According to RetailSails, a retail and consumer goods consulting firm, the tech giant's 372 worldwide locations sold goods at a rate of more than $6,000 per square foot of floor space in the past 12 months.
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Hypermarket Hypermarkets, like other big-box stores, typically have business models focusing on high-volume, low-margin sales. Typically covering an area of 5,000 to 15,000 square metres (54,000 to 161,000 sq ft), they generally have more than 200,000 different brands of merchandise available at any one time.
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Does (Retail) Size Matter? $/sq. ft. of Mall Stores Most retailers use sales per square feet to measure how efficiently they use their retail space compared to their closest competitors. For example an average J. Crew store is about 6200 sq. ft. and generates $573/sq. ft. while the Abercrombie & Fitch store is just over 7000 sq. ft. and generates sales of $489/ sq. ft.
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Nordstrom buys its 57th St. store, jumbo skyscraper pending Nordstrom, in public filings last week, said its new store, slated to open in 2018, will have 175,000 square feet of floor space. Last year, Nordstrom said the store will span 285,000 square feet. A Nordstrom spokeswoman wasn’t immediately able to clarify whether plans for the store have been downsized.
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- Mini Convenience Store. This store format, usually 800 to 1,200 square feet in size is extremely popular with the oil companies and the emphasis is on gasoline sales. However, in such locations, the owners view store sales as an important part of of the revenue and margin picture.ustomers are usually people buying gasoline. However, there are stores of this size in urban areas which may or may not sell gasoline. Limited Selection Convenience Store. These stores, which range from 1,500 to 2,200 square feet, are becoming more numerous.
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What is the square footage of the average Walmart super store? Over 50,000 sq. ft. I would think, but you have to realize there are the Super stores, the ones with oil change facilities, and grocery stores as a part of that. If a particular Wal-Mart doesn't have that, then it would be quite a bit different..
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The Average Rent for Retail Space The city and state in which your business operates will have the greatest bearing on how expensive rent will be at your retail space. For example, in Los Angeles the average asking price per square foot for retail spaces, as of May, 2011, is $27.74. In St. Louis, by contrast, the average price per square foot is $14.35. Find the average for your city by using the link in Resources. Also, the location within your town will determine your rent cost.
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The 9 most successful retail stores in the USA The average store of the next most successful company in the United States, Tiffany & Co. (TIF), sold less than half that per square foot. In low-end department stores and supermarkets, sales per square foot were in many cases less than $100. Hancock Fabrics, a fabric retailer, brought in just $72 per square foot. Meanwhile, retailers with the most profitable stores brought in more than $1,000 per square foot. These are mostly high-end brands, selling much more expensive products. Based on the RetailSails report, 24/7 Wall St. identified the nine most successful retail stores in America. In the case of most department stores and discount stores like Wal-Mart Stores (WMT), Kmart and Family Dollar Stores (FDO), most items cost less than $100, and most stores are very large.
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What It Costs to Rent a Retail Space Start by looking at vacant properties in the area you want to open your retail store. Most areas have an average price per square foot. For example, a store in a popular shopping center located directly in front of a busy highway may run $13 per square foot. So for 1900 square feet, that would cost approximately $2058 per month.
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What is the Average Warehouse? Warehouse size. Warehouse sizes are changing significantly. It used to be that a majority of warehouses were less than 10,000 square feet. Those numbers have changed greatly: only 37% of warehouses are less than 25,000 square feet and an equal amount are greater than 100,000 square feet. The remaining 27% of warehouses vary between 25,000 and 50,000 square feet, on average.
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The Difference Between Grocery, Supermarket, & Hypermarket Merchandisers The CDFI Fund's report on the grocery industry says supermarket size ranges anywhere from 20,000 to 65,000 square feet. Supercenters, known also as hypermarkets, are in essence department stores combined with supermarkets together under one roof, occupying an average of 170,000 square feet.
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- According to the 2007 Economic Census, there were 1,122,703 retail establishments in the United States and a total of 14.2 billion square feet of retail space. Per Capita Retail Space Comparison. It seems to me stores have a major problem here.
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- How much does a Retail Store Manager make? The median annual Retail Store Manager salary is $55,023, as of March 31, 2017, with a range usually between $48,116-$65,762, however this can vary widely depending on a variety of factors.
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Walmart Walmart Discount Stores, also branded as simply Walmart, are discount department stores with sizes varying from 30,000 to 206,000 square feet (2,800 to 19,100 square meters), with the average store covering about 104,000 square feet (9,700 square meters). They carry general merchandise and limited groceries.
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- The convenience retailing industry has roughly doubled in size over the last three decades. At year-end 1986, the store count was 95,000 stores, at year-end 1996 the store count was 104,600 stores and at year-end 2006 the store count was 145,119 stores.
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Time to close Wal-Mart stores? Analysts think so As of Dec. 31, Wal-Mart said that it operates 4,177 stores in the U.S., excluding its Sam's Club warehouse club footprint. Among them are 3,275 supercenters, which average about 182,000 square feet. This is simply too many stores, said Belus Capital Advisors analyst Brian Sozzi. Not only does Wal-Mart need to shutter about 100 of its stores that have consistent same-store sales losses of more than 3 percent, it also needs cut the square footage of its supercenters in half, Sozzi said.
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- The parking lots that surround these stores are generally four to seven times their size. Barnes & Noble and Borders Books stores range from 25,000 to 45,000 square feet. Walgreens, Rite Aid, and CVS build stores of about 15,000 square feet. Starbucks coffee shops range from 500 to 8,000 square feet.