The UK Retail sector employs over 4.5million staff across 556,900+ businesses
businesses1 make up the industry ranging from large global organisations to small independent retailers with just one or two stores.
Many businesses employ less than 250 staff, and 11601 employ 250+ staff.
staff1 are employed in retail making it the largest employer, by industry, in the UK2.
The pandemic of 2020 saw online sales increase by 40%3. A trend that is set to stay.
Revenues generated
Retail sales saw an annual percentage increase of 7.8% in 2021, with Tesco being the leading UK retailer4.
The total value of retail sales in the UK in 2021 was £465.25bn4.
The outlook is positive. Revenues are predicted to show a CAGR (Compound Annual Growth Rate) of 6.06% between 2021 and 20244.
Source 1 Office of National Statistics 2 Web 3 Gartner 4 statista.com
