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UK retail workforce shrinks as cost pressures hit sector
Yahoo Finance· 2026-03-11 17:19
Retail employment in the UK is continuing to decline as rising labour costs and economic uncertainty reshape hiring across the sector, according to a new report from the British Retail Consortium (BRC). The BRC says the retail sector has lost around 74,000 jobs in the past year, bringing total employment to roughly 2.76 million, the lowest level on record. Over the past five years, the industry has shed more than 250,000 roles, highlighting a sustained shift in the UK retail labour market. Retailers rep ...