Tuesday, February 19, 2019

Coffee shops in strong like-for-like sales rise at St Pancras International


St Pancras International has reported that the festive trading period produced solid results in a wide range of categories for retailers.

The famous station, which counts premium brands Fortnum & Mason, Sourced Market and Searcys champagne bar within its roster, posted a 6 per cent rise in like-for-like (l-f-l) sales in the four weeks to 4 January.

Strong performing categories were:

  • Pubs and restaurants: up 11 per cent (l-f-l)

  • Fashion: up 3 per cent (l-f-l)

  • Non-Fashion: up 6.8 per cent (l-f-l)

  • Coffee shops: up 7 per cent (l-f-l)

  • Retail convenience: up 2.5 per cent (l-f-l)

Stand out retailers included Sourced Market, the independent food retailer, which saw l-f-l sales up 22 per cent and the Searcy‘s champagne bar, which saw sales rise 26 per cent in the week to 21st December.

Wendy Spinks, Commercial Director at St Pancras International said St Pancras‘ success showed there‘s still an appetite for bricks and mortar despite the well-publicised online boom.

“The ‘feel good factor‘ is returning, with shoppers more prepared to buy higher end items, as shown by good performances by Searcy‘s champagne bar and Fortnum and Mason,” she added.

Ben O‘Brien, Founder & CEO at Sourced Market said: “We are benefiting from the fact that St Pancras has further established its reputation as a destination for high quality, innovative retail catering.”