In 2023, employment in the UK's retail sale in non-specialized stores sector was below the forecasted 923.23 thousand full-time equivalents for 2024. The projected data suggests a gradual decline in employment through 2028, with an average annual decrease of around 0.2% in the workforce over this period. From 2024 to 2025, a 0.25% decline is expected, continuing similarly each year through 2028.
Future trends to watch for include:
- The impact of automation and digital transformation on employment levels.
- Consumer behavior shifts towards online shopping reducing in-store staffing needs.
- Economic conditions influencing discretionary spending, affecting retail employment.