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Saturday, September 23, 2023

Station shops continue to outperform the high street

Retailers at some of the UK’s busiest stations have seen like-for-like sales outperform the high street for the 10th consecutive quarter, according to Network Rail.

There has been a 2.54 per cent growth in like-for-like sales during the third quarter between October 1 and December 31. During this same period the British Retail Consortium reported sales on the high street grew by just 0.2 per cent.

“This is a great result for us,” said a station shopkeeper who spoke to RailStaff’s Jonathan Webb.

“We realise that when a person arrives at a station their primary purpose is to catch a train and not to go shopping, so to see figures that indicate we are doing better than branches out on the high street, a traditional shopping area, is amazing.”

Top performing stations were London Bridge, London Victoria and London Euston.

Jonathan Crick, commercial director of retail at Network Rail, said: “With growth on the high street remaining flat, our station retail sales continue 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.”


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