Network Rail Property reported a +10.3% increase in like-for-like retail sales at its 10 managed stations in London, outperforming the British Retail Consortium's 2% growth rate for the same period.
New store openings, including BrewDog's craft beer bar at Waterloo station, contributed to the strong sales performance, with London Charing Cross and Clapham Junction stations standing out for their impressive sales growth.
Total brand sales across all 19 Network Rail stations in Great Britain reached £199.8m in Q4, showing a 10% increase from pre-pandemic levels and contributing to Network Rail's annual brand sales surpassing £842m for 2023/24.
Network Rail's retail strategy, focusing on customer experience and portfolio diversification, has driven sustained sales growth, with income from retail and F&B playing a significant role in reinvesting in Britain's railways.
#network-rail-property #retail-sales-performance #store-openings #rail-passenger-revenues #brand-sales-growth
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