Retail station sales outperform the UK high street for the 10th quarter in a row
Figures were compiled from the results of retailers operating over 500,000 sq ft of retail space totalling over 500 units at 16 of Britain’s biggest and busiest stations which we own and operate. In total, these stations benefit from a combined annual footfall of over a billion.
Strong performance
With growth on the high street remaining flat, our station retail sales continue grow. This strong performance is impressive taking into account the challenging economic climate we face, and is thanks to investment in rail and growth in passenger numbers. The guaranteed high levels of footfall in our stations provide our retail partners with some of the most lucrative trading environments available in the marketplace today.
Top performing stations include London Bridge station (+23.27%), followed by Victoria (+7.32%) and Euston (+5.82%), compared to the same period last year.
King's Cross station
Not included in the like-for-like statistics is King’s Cross, which has seen a huge increase in retail sales following the opening of the new western concourse in March 2012. During the third quarter, station retailers generated over £10m in sales, which represents a 137% increase on the same period the previous year when the number of retail units in the old southern concourse was significantly lower.
"These are great results for our retailers, and we are delighted with the recent survey findings from Passenger Focus which show passenger satisfaction has soared particularly at King’s Cross and Waterloo, where we have made significant investment in providing a better environment and improved retail facilities for passengers.” David Biggs, director of property, Network Rail