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Network Rail celebrates strong festive trading

Network Rail managed stations saw their sales climb by 4.48% in the last three months of 2019. Sales reached more than £228 million in the period… View Article

SHOPPING CENTRES & RETAIL PARKS

Network Rail celebrates strong festive trading

Network Rail managed stations saw their sales climb by 4.48% in the last three months of 2019.

Sales reached more than £228 million in the period with sales at London Bridge station recording the highest growth at 48.2%. This follows Network Rail’s significant investment in retail at the station and the introduction of new dining outlets and a premium bar.

Meanwhile, like-for-like sales at the stations increased by 4.2%.

Retailers in the bakery, fast food and grocery categories performed particularly well with respective sales uplifts of 7.2%, 7.1% and 6.4%.

David Biggs, managing director of Network Rail Property, said: “We know that passengers want convenience and choice, and today’s results show that our strategy is delivering just that. As our retail offer evolves, stations are becoming much more than just transport hubs – they’re now destinations in their own right.”

Network Rail managed stations in London include Cannon Street, Charing Cross, Clapham Junction, Euston King’s Cross, London Bridge, Liverpool Street, Paddington, St Pancras, Victoria and Waterloo.

Other stations throughout the UK include Birmingham New Street, Bristol Temple Meads, Edinburgh Waverley, Glasgow Central, Guildford, Leeds, Liverpool Lime Street, Manchester Piccadilly and Reading.

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