"People everywhere are struggling to find jobs, youth employment is falling faster still, and the UK faces the prospect of a jobless generation. The loss of almost 400,000 retail jobs over the past decade is the loss of hundreds of thousands of opportunities for young people to start earning for themselves, and for older people to return to the workforce."
"One in five people had their first job in retail, yet this vital step on the career ladder is cracking under the high costs of employment. In 2025 alone, the cost of employing a full-time entry-level worker rose by 10%, while part-time employment costs have also increased."
The retail sector employed 2.86 million people in December 2025, with a four-quarter average of 2.81 million, down 68,000 from 2024. This average is the lowest in retail history, reflecting a drop of 383,000 jobs since 2015. In 2025, there were 1.28 million full-time and 1.52 million part-time positions. Over the last decade, full-time jobs decreased by 140,000 and part-time jobs by 242,000, indicating a trend towards unstable employment. The rising costs of employment further complicate the situation for new and returning workers.
Read at London Business News | Londonlovesbusiness.com
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