It's really a fascinating time for the high street. I'd hate to call it exciting as many people within the retail sector will be echoing the words of President Whitmore, "EXCITING? People are dying out there. I don't think "exciting" is the word I'd choose to describe it."
Okay so maybe I'm being a little dramatic. But you have to sympathise, not only is the pressure on these positions under immense scrutiny, but living with the insecurity knowing it could be your brand that will consolidate its workforce, or simply go out of business altogether is enough for a few sleepless nights.
This week in high street news, Shop Direct announced the closure of three of its sites across Greater Manchester leading to nearly 2000 job losses with many of the roles being replaced by automation. Mothercare expecting to announce closure of a 1/3 of its stores and WHSmiths rumoured to be in a spot of bother.
So what are the current stable jobs out there? Well amidst all the peril and what some industry experts are referring to as 'media scaremongering' some sectors of the retail industry are not only hiring, but showing exponential growth.
Jane Foley, Head of FX Strategy for Rabobank which is responsible for the G10 currencies, told BBC's Wake up to Money yesterday
'It really depends what sector of retail we're talking about. People want an experience, see their friends, drink coffee etc, but are becoming less bothered about shopping for clothes or shoes.'
So what jobs should people be looking for right now if they're looking to get into the retail sector? In another interview on the same podcast, James Hick from ManpowerGroup cites,
"We're seeing significant demand for shop floor specialists, I.E sales assistants that can up-sell you something you don't necessarily want. There is also a huge demand in digital marketing, e-commerce supply chain and of course cyber security is a massive growth area across the retail sector."
What to do if you've just lost your job?
If you've recently been made redundant from the retail sector you should focus on those transferable skills. Many people are transposing those customer service skills they've acquired in retail to the service industry. In the UK 3 coffee shops are opening every day on average.
Look for jobs in retail outlets slightly beyond your postcode. Huge outlets like Bluewater in Kent, or Bicester in Oxford boast 97% occupancy rates so their retail metrics and employment stats paint an entirely different picture compared to the high street.
Look to strengthen your knowledge gaps in and attend digital marketing evening courses at the University of Westminster.
Stay tuned for more articles like these, as we'll be looking to go into more depth with the state of retail. Next week we'll talk to Anton Welcome e-commerce specialist and editor of Maketh the Man about what brands are getting it right!