For anyone who works in retail, the average amount of money spent by each customer is a crucial figure. It goes without saying that the bigger the number, the better the store is considered to be doing (and the better the sale staff’s take-home pay generally is). Which begs the question: which stores have the highest average spend?
You’ll know the names, but you may be surprised by the results. Tom Ford, as an example, doesn’t figure into the top 10.
The details:
To come up with our list of the most expensive shops in America, we looked at proprietary data provided to us by Citi, and looked at average receipt amounts based on millions of transactions done in clothing stores across the U.S from April 2010 to May 2011. We filtered out places like wholesalers, manufacturers and big department stores, and then ranked the most expensive shops by average receipt sizes.
De la Renta’s eponymous store on New York City’s Madison Avenue had well-to-do shoppers spending $3,217 on average during each shopping trip to the high end store. This isn’t atypical considering dresses in his ready to wear line have price tags from $1,890 to $4,790 (his cocktail dresses can go as high as $10,690).
The other stores in the top 5 most expensive shops: Giorgio Armani, located just half a block from Oscar de la Renta, ranked second with an average receipt of $2,881; Loro Piana in Boston ranked third with $2,818, the very high end womenswear shop Akris also found on Madison Ave ranked fourth with $2,818; West Hollywood’s Maxfield, which sells clothing from designers like Chanel and Balmain, rounded the top 5 with an average receipt of $2,258.
In all that there is, of course, a need to qualify the data: while pulled from a number of sources the results are dominated by data provided by Citi. When looking at menswear dominated stores such as Tom Ford, the more accurate data would come through cards more frequently used by his clientele: American Express Platinum and Centurion cards.
Via Bundle.
