Employment in the UK’s retail sale of books, newspapers, and stationery in specialized stores is forecasted to decline over the 2024-2028 period. In 2023, employment in this sector stood at an estimated 32.71 thousand FTEs. By 2024, it is expected to be 32 thousand, reflecting a downward trend with a year-on-year decrease of 2.17% from 2023. The average annual decline (CAGR) from 2024 to 2028 is projected to be approximately 2.11%.
Future trends to watch for:
- Impact of digitalization on physical store demand
- The role of online retail and e-books in reshaping the market
- Consumer preference shifts and their effect on traditional retail
