Retail jobs in New York City have declined by 11% since 2020—about 38,000—trailing other urban centers at a time when retail jobs nationally have increased by 0.7%, to according to a report from Center for an Urban Future.

Three retail sectors in particular saw significant drops in workforce, the report said: clothing and accessories stores saw employment decline by 26.9% in the last three years; jobs in department stores declined by 16.7% and a 14.1% drop in employment at sporting goods, hobby, book, and music stores was seen in NYC.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Jack Rogers

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.