Apple May Be Highest Grossing Fifth Avenue Retailer

Apple's Fifth Avenue emporium probably has annual sales of more than $350 million, topping any of the chain's other outlets. That's the equivalent of selling one Mercedes-Benz C300 sedan per square foot. Apple may be the highest grossing retailer ever on Fifth Avenue, said Faith Hope Consolo, chairman of the retail leasing and sales division at Manhattan-based Prudential Douglas Elliman Real Estate.