The global apparel industry experienced a 25% rise in new job postings related to future of work in Q2 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 38% decrease versus Q2 2022. GlobalData’s Future of Work in Retail and Apparel – Thematic Intelligence report details the relevant trends, competitive landscape and market size and growth forecasts with information on related mergers and acquisitions related to future of work theme in the retail and apparel market. Buy the report here.
Notably, Management Occupations jobs accounted for a 14% share of the global apparel industry’s future of work-related total new job postings in Q2 2023, up 26% over the prior quarter.
Management Occupations drive future of work-related hiring activity
Management Occupations, with a share of 14%, emerged as the top future of work-related job roles within the apparel industry in Q2 2023, with new job postings rising by 26% quarter-on-quarter. Computer and Mathematical Occupations came in second with a share of 14% in Q2 2023, with new job postings rising by 12% over the previous quarter.
The other prominent future of work roles include Installation, Maintenance, and Repair Occupations with a 9% share in Q2 2023, Architecture and Engineering Occupations with a 7% share of new job postings.
Top five companies in apparel industry accounted for 61% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q2 2023 were Amazon, Walmart, Dick’s Sporting Goods, J Sainsbury, and GoBrands. Together they accounted for a combined share of 61% of all future of work-related new jobs in the apparel industry.
Amazon posted 4,360 future of work-related new jobs in Q2 2023, Walmart 1,361 jobs, Dick’s Sporting Goods 342 jobs, J Sainsbury 243 jobs, and GoBrands 218 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 67.87% share of total new job postings, Q2 2023
The largest share of future of work-related new job postings in the apparel industry in Q2 2023 was in the US with 67.87% followed by the UK (7.82%) and India (5.51%). The share represented by the US was four percentage points higher than the 64.08% share it accounted for in Q1 2023.
For further understanding of GlobalData's Future of Work in Retail and Apparel - Thematic Intelligence buy the report here.