The forecast for the number of persons employed in Italy's retail sale of clothing, footwear, and leather articles reveals a declining trend from 2024 to 2028. In 2023, employment stood at 187.3 thousand. The projections show a steady year-on-year decrease: 11.6% from 2024 to 2025, 13% from 2025 to 2026, 14.8% from 2026 to 2027, and 17.2% from 2027 to 2028. The five-year compound annual growth rate (CAGR) for this period reflects a downward spiral, emphasizing a significant contraction in employment. This trajectory points to increasing challenges within the sector.
Future trends to monitor include:
- Impact of e-commerce and digital transformation on traditional retail employment.
- Shifts in consumer behavior and preference for sustainable and ethical fashion.
- Regulatory changes and economic factors affecting the retail landscape.
- Technological advancements driving automation, potentially reducing the need for labor.