Train retail sales do better than high street

Retail sales at UK train stations reveal prominent growth

The rail station operator in the UK, Network Rail, says that retail sales at stations across the country for the third quarter of 2011 show much more prominent growth than the country’s stagnant high-street sales. The latter grew by a mere 0.1% in the July-September period, compared to 3.85% growth in train-station retail, year-on-year. This is also a slight increase from the 3.7% growth in the previous quarter.
Retailers operate more than 50,000 sq m of retail space in the UK’s 17 biggest rail stations, of which the stations at Gatwick Airport (+31.16%) and Waterloo (+10.51%) saw the best results. Encouraged by the positive trading environment, Network Rail will open another 5,000 sq m of new retail space at King’s Cross and Waterloo stations in 2012.
[pictured: Waterloo Station; courtesy Network Rail]