What are the future trends in retail?

The pandemic changed how Americans shop, and many of those changes are likely to stick around in 2021. Automation technology and social media trends will continue to play a part in how the retail industry evolves. More retailers will offer personal shopping services, and social media influencers will remain relevant.

Will there be retail jobs in the future?

The Bureau of Labor Statistics projects the retail industry to grow by about 12 percent and add 1.8 million jobs between 2010 and 2020.

What will retail look like in 2022?

Physical retail, often predicted to falter in the face of the ecommerce boom, is flexing its muscle as we head into 2022 and will continue to attract shoppers for the foreseeable future: 72 percent of U.S. retail sales will still occur in bricks-and-mortar stores in 2024, according to new research from Forrester.

Is retail low skill?

Working in retail is generally perceived as a ‘low skill’ occupation, with low status, low pay and limited career opportunities (Bozkurt and Grugulis, 2011).

What is the expected future outlook for retail?

In 2022, worldwide retail sales are poised to grow 5% year-over-year (YoY) to exceed $27.33 trillion. Although ecommerce spending growth is expected to slow considerably—due, in part, to the rebound of brick-and-mortars—the channel will still account for more than 20% of total global retail.

What is trending in retail?

Social commerce is one of the biggest digital trends in the retail industry — and it’s booming. From selling on Instagram to launching an online store, retailers are experimenting with multiple ways of meeting the evolving needs of customers.

What will retail look like in 2030?

In 2030, retailers must have an integrated omnichannel shopping experience that allows them to plan their supply based on the demand they’re driving by personalizing offers, making product recommendations, and better directing customer interest. That’s how retailers will keep margins where they need them.

What are unskilled labor jobs?

Occupations that need unskilled labor do not require any special training or skills for the person to do the job well. They are typically the lowest-paid jobs. Examples of jobs that require unskilled workers are farm workers, cleaners, sweepers, and grocery clerks.