The retail sector is expected to continue growing in the next decade, driven by factors such as urbanisation, rising disposable incomes, increasing focus on e-commerce, and the demand for personalised customer experiences.
As the board exam results are being announced, students are ready to transition from schools to colleges. The first step in this transition is to make a career choice. To help you in selecting the right professional path for you, every week we explore new professional avenues for you. Bring a unique career and a roadmap that can help you take up a job in that profession.
The retail sector is a major contributor to the global economy, providing employment opportunities to millions of people worldwide. The retail industry is continuously evolving with new technologies and innovations that impact consumer behavior and expectations. As a result, job roles in the retail sector are also evolving and becoming more complex.
The retail sector is expected to continue growing in the next decade, driven by factors such as urbanisation, rising disposable incomes, increasing focus on e-commerce, and the demand for personalised customer experiences. The industry is also expected to become more competitive, requiring individuals to upskill and reskill to remain competitive in the job market.
According to a report by Research and Markets, the global retail market is expected to grow from $19.4 trillion in 2020 to $24.9 trillion by 2025, at a compound annual growth rate (CAGR) of 5.2 per cent. This growth is expected to create new job opportunities in the retail sector. Here we will focus on trends and forecasts for the next decade in retail jobs, including job roles and eligibility criteria.