UK retail jobs decline as value, online shopping become norm

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norm</title> <meta name="description" content="The Centre for Retail Research has revealed there were 119,405 UK retail job losses in 2023 and retailers will continue to struggle in 2024." /> <link rel="canonical" href="https://www.just-style.com/news/signal-uk-retail-jobs-decline-as-value-online-shopping-become-norm/" /> <meta property="og:locale" content="en_US" /> <meta property="og:type" content="article" /> <meta property="og:title" content="UK retail jobs decline as value, online shopping become norm" /> <meta property="og:description" content="The Centre for Retail Research has revealed there were 119,405 UK retail job losses in 2023 and retailers will continue to struggle in 2024." /> <meta property="og:url" content="https://www.just-style.com/news/signal-uk-retail-jobs-decline-as-value-online-shopping-become-norm/" /> <meta property="og:site_name" content="Just Style" /> <meta property="article:published_time" content="2024-01-16T12:01:00+00:00" /> <meta 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class="article-header__title">Signal: UK retail jobs decline as value, online shopping become norm</h1> <p class="article-header__excerpt">The Centre for Retail Research has revealed there were 119,405 UK retail job losses in 2023 and with the ongoing challenges to living standards leading to more 'shopping around', retailers will continue to struggle in 2024.</p> <div class="article-meta"> <span class="article-author"><a href="https://www.just-style.com/author/laurahusband/" title="Posts by Laura Husband" class="author url fn" rel="author">Laura Husband</a></span> <span class="date-published">January 16, 2024</span>  </div>  <div class="gdm-article-actions"> <div class="gdm-article-share"> <span class="button-toggle transparent-with-border gdm-article-share__button">Share <ul class="gdm-article-share-list__container"> <li><a href="https://www.just-style.com/news/signal-uk-retail-jobs-decline-as-value-online-shopping-become-norm/" class="copy-link">Copy Link</a></li> <li><a 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srcset="https://www.just-style.com/wp-content/uploads/sites/27/2024/01/Retail-high-street_shutterstock_1122528506.jpg" /> <source media="(min-width: 430px)" srcset="https://www.just-style.com/wp-content/uploads/sites/27/2024/01/Retail-high-street_shutterstock_1122528506.jpg" /> <img src="https://www.just-style.com/wp-content/uploads/sites/27/2024/01/Retail-high-street_shutterstock_1122528506.jpg" alt="" /> </picture> <figcaption class="c-featured-image__description">UK retail job losses are expected to continue in 2024. Credit: Shutterstock.</figcaption> </figure> </div> <p class="drop-cap">The Centre for Retail Research explained retailing in most of the Western World has been in crisis since the recession of the mid noughties led to the collapse of many retailers, store closures and job losses as well as the rise of online shopping. </p> <p>The pandemic accelerated pre-existing trends in shopping behaviour such as online shopping and the cost of living crisis and high rates of inflation have led to shoppers seeking out value. </p><div class="in-article-premium-insights mobile-useragent-scalar"><div class="cell large-2 sidebar-scalar mobile-only"> <div class="gdm-widget gdm-recommended-reports gdm-pi-recommended-reports gdm-orange-banner recommended-whitepapers"><h3>Go deeper with GlobalData</h3><ul><li class="grid-x"><div class="cell small-2"><figure><a href=""><img decoding="async" 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target="_blank">Reports</a></div><h4><a href=https://www.globaldata.com/store/report/uk-apparel-market-analysis?utm_source=Jobs&utm_medium=27-171417&utm_campaign=recommended-reports-nonlgp target="_blank">United Kingdom (UK) Apparel Market Size and Trend Analysis by Categ... </a></h4></div> </li></ul> <div class="about-premium-insights"> <h5> <svg xmlns="http://www.w3.org/2000/svg" width="12" height="14" viewBox="0 0 12 14" fill="none"> <path d="M3.05664 1.29896C3.14886 1.29896 3.24174 1.28141 3.33128 1.24506C3.50101 1.1755 3.63131 1.0489 3.69947 0.887834C3.76696 0.726141 3.76429 0.550034 3.69012 0.390848C3.61661 0.231662 3.48096 0.109452 3.30923 0.0455268C3.13683 -0.0177716 2.94906 -0.0152648 2.77933 0.0543008C2.42985 0.197192 2.26881 0.580116 2.42117 0.908516C2.5341 1.15294 2.78869 1.29896 3.05664 1.29896ZM9.57846 13.0925C9.42611 12.7641 9.01782 12.6131 8.66768 12.756C8.31753 12.8989 8.15649 13.2818 8.30884 13.6102C8.42244 13.854 8.67703 14 8.94432 14C9.03653 14 9.12942 13.9825 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</div></div></div> <p>All of this combined has led to over 100,000 retail job losses each year from 2018 to 2023. </p><div id="slot-one"></div> <p>The research and analysis company reported the highest number of retail job losses during the height of the pandemic in 2020 when stores were closed with <strong>182,564</strong> job losses. </p> <p>However, in 2021 105,727 people lost their retail jobs, 2022 saw 151,474 job losses and most recently 2023 experienced 119,405 lost retail jobs. </p> <p>The Centre for Retail Research attributes the ongoing problems UK retailers face to the new consumer-focused on value and spending on leisure and tourism undercutting retail sales.</p><div class="gdm-company-profile-unit" id="company_profile_form"> <h1 class="gdm-company-profile-unit__heading">How well do you <span style="text-decoration: underline;">really</span> know your competitors?</h1> <p class="gdm-company-profile-unit__sub-heading">Access the most comprehensive Company Profiles on the 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Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.</span> </div> </form> </div> </div> </div> </div> <p>The organisation explained the pandemic and high inflation has led to more ‘shopping around’ and the resurrection of value. </p> <p>It stated: “People who had never visited a discount store can be heard boasting about ‘Aldi prices’ and how good Primark is. Once this behaviour has been learned, then, even if there is a sustained boost in household incomes over the next two-three years, consumers will continue using the new cheaper stores they have found – though perhaps not as much. And if a new crisis occurs, they have already learned what to do. Customer behaviour will quickly revert to what happened more slowly in 2022.” </p><div id="slot-two"></div> <p>Similarly, it added that when money is tight consumers have to choose where they spend it so retailers have lost their share of consumer spending in favour of meals out, city breaks, gym membership, subscriptions to TV Channels, foreign holidays and spa, health and wellbeing  treatments. </p> <p>The company also pointed out that business rates are having an impact on UK retail stores. </p> <p>It pointed out that business rates are a regular property tax paid by business and it is based on hypothetical rental values. </p> <p>As much as one-quarter of the entire business rates total comes from the retail sector and<a href="https://www.theguardian.com/business/2023/oct/18/business-rates-could-rise-by-195bn-in-bleak-picture-for-uk-retail-and-hospitality"> business rates could rise in 2024 by as much as £1.95bn</a> ($2.46bn), according to <em>The Guardian</em>. </p> <p>It highlighted that rents paid by shops have been declining as stores close and new occupants become difficult to find. However, the decline in rents has not led to a fall in business rates.</p> <p>The Centre for Retail Research explained: “Even those whose sales have risen (especially supermarkets) have faced sharply-increased costs from complying with the new regulations to protect the public and their staff. </p> <p>“Online retailers of course pay business rates at the reduced levels applicable to warehouses. A satisfactory future for high streets will only occur if online retailers pay the same rates as store-based retailers.” </p> <h2 class="wp-block-heading" id="h-fashion-retail-job-opportunities-in-2023">Fashion retail job opportunities in 2023 </h2> <figure class="wp-block-image size-full"><img fetchpriority="high" decoding="async" width="719" height="472" src="https://www.just-style.com/wp-content/uploads/sites/27/2024/01/Fashion-retail_1-Jan-2023_1-Jan-2024_GlobalData_JobAnalytics_JobTrends_16012024.png" alt="" class="wp-image-171432" srcset="https://www.just-style.com/wp-content/uploads/sites/27/2024/01/Fashion-retail_1-Jan-2023_1-Jan-2024_GlobalData_JobAnalytics_JobTrends_16012024.png 719w, https://www.just-style.com/wp-content/uploads/sites/27/2024/01/Fashion-retail_1-Jan-2023_1-Jan-2024_GlobalData_JobAnalytics_JobTrends_16012024-20x13.png 20w, https://www.just-style.com/wp-content/uploads/sites/27/2024/01/Fashion-retail_1-Jan-2023_1-Jan-2024_GlobalData_JobAnalytics_JobTrends_16012024-385x253.png 385w" sizes="(max-width: 719px) 100vw, 719px" /></figure> <p>Credit: GlobalData </p> <p>According to GlobalData’s jobs database fashion retail job opportunities remained relatively steady in 2023. Posted jobs started at 585 in January 2023 and ended in December 2023 with 389. The most active fashion retail companies for job postings in 2023, according to GlobalData included Claire’s Stores, J Crew Group, TJX Company and Inditex. </p> <p><em>Our signals coverage is powered by </em><a href="https://www.globaldata.com/thematic-research/" target="_blank"><em>GlobalData’s Thematic Engine</em></a><em>, which tags millions of data items across six alternative datasets — patents, jobs, deals, company filings, social media mentions and news — to themes, sectors and companies. These signals enhance our predictive capabilities, helping us to identify the most disruptive threats across each of the sectors we cover and the companies best placed to succeed.</em></p> <div id="Sgpollsputhere"></div><div id="slot-three"></div></p> <footer class="article-footer">  <div class="gdm-article-actions"> <div class="gdm-article-share"> <span class="button-toggle transparent-with-border gdm-article-share__button">Share <ul class="gdm-article-share-list__container"> <li><a href="https://www.just-style.com/news/signal-uk-retail-jobs-decline-as-value-online-shopping-become-norm/" class="copy-link">Copy Link</a></li> <li><a href="https://twitter.com/intent/tweet?text=Signal%3A+UK+retail+jobs+decline+as+value%2C+online+shopping+become+norm%0a&url=https://www.just-style.com/news/signal-uk-retail-jobs-decline-as-value-online-shopping-become-norm/&via=juststyle" class="x-share" target="_blank">Share on X</a></li> <li><a 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var self = window.location.toString(); var querystring = self.split("?"); if (querystring.length > 1) { var pairs = querystring[1].split("&"); for (i in pairs) { var keyval = pairs[i].split("="); if (reset || sessionStorage.getItem(keyval[0]) === null) { sessionStorage.setItem(keyval[0], decodeURIComponent(keyval[1])); } } } //var hiddenFields = ['utm_campaign_last_touch__c','utm_medium_last_touch__c','utm_source_last_touch__c','utm_content_last_touch__c']; var hiddenFields = document.querySelectorAll("input[class=utms]"); for (var i=0; i<hiddenFields.length; i++) { var param = sessionStorage.getItem(hiddenFields[i].name); if (param) document.getElementsByName(hiddenFields[i].name)[0].value = param; } } setTimeout(function(){queryForm();}, 3000); </script> <script> (function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){ (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o), m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m) })(window,document,'script','//www.google-analytics.com/analytics.js','ga'); ga('create', '', {'allowAnchor': true}); jQuery('#formSubmitBtn').click(function(){ jQuery('#newsletterForm_1 input[name="news_form_key_name[]"]:checked').each(function(){ //console.log(jQuery(this).val()); var labels = jQuery(this).val(); ga("send", "event", "Newsletter Collection" , "click", labels); }); }) </script>

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