How e-commerce is disrupting traditional seasonal work in retail [CNBC]
Amazon.com, Inc. (AMZN)
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Source: CNBC
This year, retailers are expected to add 520,000 seasonal jobs, a drop from last year's 564,000, according to outplacement firm Challenger, Gray & Christmas. The decline signals a larger trend: the growing dominance of e-commerce. “If you look at the pre-pandemic levels and where we are today in holiday 2024, you've had a pretty consistent increase in e-commerce sales and an increasing penetration,” said Tom Forte, managing director at Maxim Group. Online shopping is continuing to siphon business from traditional brick-and-mortar stores, with 76% of American shoppers planning to buy at least half of their gifts online this year, according to Challenger, Gray & Christmas. The retail sector is projected to shrink by 0.2% annually over the next decade as in-store sales continue to decline and e-commerce expands. And for every new e-commerce fulfillment center opening, around 1,000 local jobs disappear, the National Bureau of Economic Research found. However, there is a silver lini
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AMZN
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AMZN
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