Retail Sales Jobs Disappearing
|May 31, 2013||Posted by experts under Sales Jobs||
The Centre for Retail Research (CRR) forecasts that the total number of retaile stores with reduce by 22 per cent over the next five years. This will take the total number of retail shops from 281,930 to 220,000 in 2018. One in every five stores closing represents a huge number of store closures.
The main reasons the CRR cites for the store closures are: high operating costs of running physical stores, consumer spending remaining static since 2006, and consumers moving their shopping habits to making online purchases.
More than 316,000 people could lose their jobs as a result. If this happens, the UK jobless figure will soar almost 13 per cent and commercial property investors will see their retail units sitting empty.
The CRR’s report calls for £320 million to be invested in converting the empty retail units into a combination of leisure outlets, offices and classrooms.
In addition to the CRR’s report, Professor Joshua Bamfield author of the Retail Futures 2018 report, forecasts that an additional 164 companies will collapse into administration by 2018, taking 22,600 store and 140,000 employees with them.
If you are in a sales role in a shop, then it might be time to dust off your CV and start working out what transferrable skills you have so that you can jump ship as early as possible. There’s no such thing as a job for life any more.