Quarterly retail sales increase by 10% at Network Rail stations
Network Rail Property has announced that total retail sales climbed by 10%, or by 6.3% on a like-for-like basis, from July to September across its portfolio of 19 managed stations.
In the second quarter period, retail sales reached £233.7 million to mark a £21 million increase compared to the same time last year. They also surpassed the previous quarter with a jump of £8 million.
Subscribe to TRBNetwork Rail Property said the performance was boosted by ten new openings and store upgrades across its stations in the quarter. These included a refreshed M&S convenience store opening at Liverpool Street and a pop-up by Pop Mart which offers range of collectible toys and mini figurines.
For the second quarter in a row, London Waterloo was the best performing destination in terms of total sales growth with an uplift of 47%. Other top performers included Birmingham New Street, Clapham Junction, Liverpool Lime Street and London Charing Cross.
On a like-for-like basis, London Charing Cross was the best performing station with 23% sales growth. Liverpool Lime Street followed closely behind with an increase of 19%.
Network Rail Property said diversifying and transforming the retail experience for customers continues to be a priority.
Hamish Kiernan, commercial director, property at Network Rail, said: “Sustained sales growth and new openings across our 19 managed stations is highly encouraging, as retailers are now in the Golden Quarter.
“We know how important Christmas is to our retailers and our customers will be making the most of our retail and F&B line-up over the festive period.
“Consistent performance over the last quarter underlines the success of our retail strategy and vision to enhance our destination stations.”
