Retail Employment Monitor
Q1 2019: Retail Employment Monitor
STRUCTURAL CHANGE DRIVES ONGOING FALL IN RETAIL EMPLOYMENT
Helen Dickinson OBE, Chief Executive, British Retail Consortium:
“Yet again, the number of retail jobs fell during the first quarter of this year, with a 2.4% year on year fall in employees; this would be equivalent to losing 74,400 people across the retail industry. While the number of stores rose, this was mainly driven by an increase in small format stores, with many larger stores closing -- resulting in a net job loss. And more jobs are likely to disappear unless there is a shift in Government policies.
“Retail is undergoing a period of unprecedented change in response to new technologies and changing consumer behaviour. The investment required to successfully navigate this transformation is being held back by the rising cost of public policy. Over three million people rely directly on the retail sector for jobs, with many more working throughout the supply chain. Yet spiralling business costs pose a grave threat to these jobs – as recent administrations, CVAs, and store closures show.”