Based on forecasted data, the number of employees in the Italian retail sector, excluding motor vehicles and motorcycles, is projected to see a steady increase from 2024 to 2028. In 2023, the sector employed approximately 1.30 million workers. From 2024 onwards, employment is expected to grow annually, reflecting a year-on-year increase of around 1.53% for most years within this period. The five-year compound annual growth rate is estimated at around 1.14%, suggesting a moderate expansion of the workforce over time.
Future trends to watch for include:
- The impact of digital transformation on the workforce, particularly with e-commerce trends influencing hiring patterns.
- Potential shifts in consumer behavior and spending power, which may affect retail employment needs.
- Regulatory changes and economic policies that could impact labor market dynamics in the retail industry.