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Network Rail sees 3.7% rise in retail sales at stations

Network Rail has reported that like-for-like sales at retail outlets at its stations rose 3.7% in the three month period to 30 June.

CITY & CORPORATE

Network Rail sees 3.7% rise in retail sales at stations

Network Rail has reported that like-for-like sales at retail outlets at its stations rose 3.7% in the three month period to 30 June.

The figures were compiled from the results of retailers operating from over 560,000 sq ft of retail space at 16 of the UK's biggest and busiest stations.

The results were slightly down on the previous quarter’s growth of 5.2% as trading figures were affected by Easter falling later than usual and then being  followed by the royal wedding.

Gatwick, followed by the London stations London Bridge, Fenchurch Street, and Euston, achieved the best sales growth over the period. Outside of London, Manchester and Leeds were the best performers.

Specialist food catering categories saw the  highest levels of growth with a 14.2% increase, followed by cards and stationery with a growth of 13.3%. Restaurants in stations also did well reporting a rise in sales of 9.9%.

Gavin McKechnie head of retail at Network Rail said: “Despite the fact we had two successive four day bank holiday weekends the results are very encouraging in this challenging economic climate. The high footfall of our stations continues to give our partners the edge over the high street.

“Over the coming months we’ll be announcing our new retail partners who will be coming onboard in exciting new space at King’s Cross and Waterloo stations, opening next year marking the start of a new era for station retail.”

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