Godiva, New York City
Godiva has opened its first in-store cafe in the United States, in Manhattan’s Rockefeller Center.
The newly renovated store features a seating area where customers can enjoy a new collection of French-style desserts or Godiva’s signature chocolates, along with beverages. Godiva first introduced its cafe concept in London, where it operates a 40-table cafe on the second floor of the famous Harrods department store.
Best Buy to restructure its tech army
Best Buy's Geek Squad is undergoing some changes.
The consumer electronics retailer is eliminating about 400 Geek Squad positions, the StarTribune reported. The affected jobs are on the Geek Squad’s covert team, employees who mostly work from their own homes to provide remote technical support. The work will be outsourced to a third party, according to the report.
“Affected agents will have a job, if they choose, with similar pay and responsibilities,” Best Buy spokesman Jeff Shelman said in a statement. “We very much want to keep them and are working hard to do that, especially because we currently have nearly 1,000 open jobs.”
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The most profitable retailers in sales per square foot are….
Sales per square foot are declining across the board. But some retailers continue to pull in hefty revenue.
The No. 1 retailer in terms of sales per square foot is Apple Inc., which does a staggering $5,546 per square foot, according to research provided by CoStar.
Apple is followed by Murphy USA, which leads the gasoline and convenience store retail industry with sales of $3,721 per square foot. Next up is Tiffany & Co., which leads the jewelry sector with sales of $2,951 per square foot. The top apparel retailer is Lululemon Athletica, with sales of $1,560 per square foot.
These top performers far outdistance the rest of the industry. According to CoStar, sales per square foot have declined to an average of around $325 in recent years, down from nearly $375 in the early 2000s.