The employment in the UK retail trade sector (excluding motor vehicles and motorcycles) is forecasted to remain stable, with a slight increase from 3.0 million persons in 2024-2026 to 3.01 million in 2027-2028. Year-over-year growth is minimal, with less than a 1% increase projected in the last two forecast years. The CAGR for the 5-year period indicates stability in employment numbers.
Future trends to watch for include:
- Impact of digital retail and e-commerce growth on employment.
- Potential changes in supply chain dynamics due to geopolitical factors.
- Adoption of automation and AI, possibly reshaping workforce needs.
- Trends in consumer behavior post-pandemic might influence demand for retail staff.
