INDUSTRY NEWS
RAIL STATION RETAILERS OUTPERFORM HIGH STREET FOR TENTH QUARTER IN A ROW
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% growth in like-for-like sales 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%. Figures were compiled from the results
£10m
Over £10m in sales generated by station retailers
of retailers operating over 500,000 sq ft of retail space totalling over 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 a billion.
Top performing stations include London Bridge (+23.27%), followed by London Victoria (+7.32%) and Euston (+5.82%), compared to the same period last year. This current set of
figures shows growth has increased slightly on the 2.37% increase reported last period (July to September 2012). In the same period high street sales, as reported by the BRC, reported growth
of just 0.5%. During the third quarter, station
retailers generated over £10m in sales, which represents a 137% increase on the same period the previous year. All profit from Network Rail’s retail activity is re- invested in the railway, helping deliver a better value railway for taxpayers and passengers.
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STURGEON ANNOUNCES £2M TRANSFORMATION FOR COMMONWEALTH STATIONS
Deputy First Minister Nicola Sturgeon has announced a major investment by ScotRail that will see stations serving the 2014 Commonwealth Games transformed. With thousands of additional
Sturgeon announces programme improvements
£2m
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passengers expected during the Games, the refurbishments to Queen St low level, Charing Cross and High Street stations will double the £1million programme of improvements already planned at 20 stations across Strathclyde. Transport
Scotland secured the funding boost
from First as part of the five-month continuation of the rail
franchise announced in December.
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