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11 December 2012
Our station retail sales results for the three months to 30 September 2012 show a 2.37% growth compared to the same time last year, with same period high street sales reported by the British Retail Consortium growing by 0.05%.
These figures were compiled from the results of retailers operating from over 580,000 sq ft of retail space (520 units/shops) at 17 of Britain's biggest and busiest stations which we own and operate, benefiting from a combined annual footfall of over a billion.
Top performing stations include London Bridge (+10.8%), followed by Manchester Piccadilly (+9.7%) and London Victoria (+7.7%), compared to the same period last year.
“These are excellent results, and show that the high levels of footfall guaranteed in stations continue to give our retail partners the edge over the high street. Income from retail is a vital funding stream for Network Rail and strong results will allow us to deliver even great value for the British people.
The launch of our new retail space at Waterloo was a crucial milestone in delivering our vision for retail, as we work to improve environments for passengers and shoppers, creating stations that are destinations in their own right with shopping that's on the way not in the way. Waterloo gave us the opportunity to work with some exciting retail partners, and we look forward to continue working with new and existing brands as we build on recent successes with new developments across our portfolio of stations.”
David Biggs, director of property, Network Rail
All profits from our retail activity are re-invested in the railway, limiting the cost to tax payers and passengers.
British Council of Shopping Centres award
Earlier this month, we won a Gold award from the British Council of Shopping Centres (BCSC) for retail at King's Cross station, beating off competition from major shopping centres across the country to take home the top prize in the 'Refurbishment and Extension' category.