Network Rail Stations see record-breaking quarterly sales of £240.5m
Network Rail has achieved record-breaking quarterly sales of £240.5m across its portfolio of 19 managed stations across Great Britain.
During the period, which covered October to December 2024 (Q3 2024), total sales were up by 7% while like-for-like sales increased by 7.7% across the portfolio.
Total retail sales during the period reached £240.5m, representing an increase of more than £16m compared to the previous year. Retail sales were also higher than the previous quarter by over £7m.
For the entire 2024 calendar year, sales at Network Rail stations surpassed £900m.
During the third quarter, 24 retail units opened across 19 stations. Three new brands joined the Network Rail line-up as well as six pop-ups. These included the Paddington in Peru pop-up at Paddington Station, the Duck World pop-up at London Bridge, and two permanent Gail’s bakeries at London Bridge and London Liverpool Street.
Hamish Kiernan, commercial director of property at Network Rail, said: “Our retail sales figures across these 19 managed stations continue to go from strength to strength, and our Q3 sales figures are the highest ever, demonstrating the strength of our offer. We’re continuing to diversify our retail to bring a strong and varied mix to customers using our stations. And we’re ensuring the right retail is in the right location. Consistent performance over the last quarter highlights the success of this strategy and our vision to create destination stations.”