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America Counts: Stories Behind the Numbers
Fewer Workers as Number of Retail Clothing Firms Shrink
The retail industry supports over a quarter of U.S. jobs, and according to the Bureau of Labor Statistics’ Occupational Outlook Handbook, 18% of retail salespeople in 2023 were employed by firms that sold clothing, accessories, shoes and jewelry.
How has this industry been faring?
The 2022 Economic Census shows that the number of U.S. Clothing and Clothing Accessories retail firms decreased from 56,731 in 2017 to 52,909 in 2022 and the number of establishments from 143,534 to 121,610.
An establishment refers to a single physical location and a firm consists of one or more establishments.
The retail clothing industry also saw a decline in employees from 1.8 million in 2017 to 1.5 million in 2022. Despite this drop, annual payroll rose from $32.1 billion to $35.0 billion over the same period.
Continue reading to learn more about the dramatic rise in nonstore retailers and jobs in the clothing retail industry.
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