Look no further than Apple to explain the retail woes here
Using the group wide average sales figure for the quarter and applying it to Australian shops, you get total sales here of about $US158 million for the quarter, or about $US600 million for the year. If you use a conservative profit margin of 40%, you get earnings from these shops of about $US240 million. Discount that a little to $US200 million to be really conservative (about $A190 million) and suddenly you can start to understand that why JB Hi-Fi, Harvey Norman and other retailers are struggling.
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