The Apple Store Effect On Experiential Retail in Luxury
📱 In 2001, Steve Jobs launched the Apple Store, consulting Bernard Arnault. Apple's revenue stands at $5,546 per square foot, while Louis Vuitton generates $100M+ per flagship annually. Apple's model focuses on accessibility, hospitality, and open architecture, while Louis Vuitton emphasizes exclusivity, cultural landmarks, and heritage storytelling. Apple's $17,000 Watch Edition failed to merge luxury with technology. Both brands showcase how innovation and heritage contribute to thriving retail strategies.
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