85,000 Retails Jobs Cut In Last Year

It has been reported that around 85,000 retail jobs have been axed in last year. This has been put down to a lack of buyer demand, rising costs for retail outlets and the switch to online shopping. It is also thought that all of this is exacerbated by uncertainty of Brexit.

Retail is the UK’s biggest private employment sector and these retail job losses are the latest sign of a crisis on the high street. Thousands of shops have closed in the last few years and some well-known large retail names have collapsed too.

The most recent retail shop is Bonmarche which went in administration last week which has put 3,000 retail jobs at risk. Just a few weeks before we saw hundreds of jobs lost when Karen Millen and Coast closed their stores after falling into administration.

High street retailers such as Mothercare, New Look, Marks & Spencer and House of Fraser have been closing stores over the recent months and Debenhams is set to close more than 20 of their large stores by January 2020.

The British Retail Consortium (BRC) predicted in 2016 that the number of people employed in retail, which was around 3 million people at the time, would fall by around 900,000 by 2025. The BRC added that they felt these retail workers would find it hard to transition into new roles, but is this really the case?

Here at Point Recruitment we look at transferable skills and retail workers have many of these.

Every retail worker will have had experience working with a team of colleagues. Over time they will have built up good team working skills. Most retail workers will have worked with customers and good customer service skills is something all businesses need.

Retail workers will have handled money from time to time, or all day in some cases – this shows that are trustworthy and can be trusted with in-house finances.

There are so many transferable skills that retail workers have. If you are a retail worker and have found yourself out of work, contact us. We can talk about the jobs we currently have available and how you could be perfect for them.