Redevelopment The completed Birmingham New Street
Airport links
Station retail sales still outperforming the high street
Retailers at some of Britain’s biggest and busiest railway stations have seen like-for-like sales outperform the high street for the tenth consecutive quarter, new figures released by Network Rail show. The latest station retail results show a 2.54
per cent growth between Q3 (1 October-31 December) 2011 and Q3 2012. Over the same period, the British Retail Consortium reported sales on the high street grew by just 0.2 per cent. Figures were compiled from the results of
retailers operating over 500,000 sq ft of retail space totalling more than 500 units at 16 of Britain’s biggest and busiest stations owned and operated by Network Rail. In total, these stations benefit from a combined annual footfall of over one billion. Jonathan Crick, commercial director of retail
at Network Rail, said: “With growth on the high street remaining flat, our station retail sales continue to 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 (+23.27 per cent), followed by London Victoria (+7.32 per cent) and Euston (+5.82 per cent), compared to the same period last year. Top performing categories were specialist
food (+11.27 per cent), bread (+9.64 per cent) and pubs and bars (+5.93 per cent). Cards & stationery also performed well (+5.69 per cent).
concourse, which has been in use since the 60s, will be revamped. When the second phase is complete in 2015, both halves will be linked up and New Street will be complete.
A total transformation
The redevelopment is backed by Birmingham City Council, Network Rail,
The Department for Transport, Centro and Advantage West Midlands. Sir Albert Bore, leader of Birmingham City Council described it as a ‘vital project for the city, stimulating economic growth and regeneration and, in the newly-named Grand Central, it will provide one of the best-connected retail spaces in the country.’
March 2013 Page 43
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