Something big is happening in the retail sector of the economy. Supermarket giants are becoming geniuses and are formulating plans that will have a profoundly positive impact on the UK economy within the next few years.
The Supermarket Giant Asda just recently announced a five-year strategy that will have the potential to create up to 12,000 jobs across the UK. This is just an estimate, and the actual amount could be even more than that.
Asda was purchased by Walmart 15 years ago, and in that time they were able to open 342 stores and create more than 100,000 jobs, along with bringing super low prices to millions of their valued customers.
“I am delighted that Asda is continuing to invest heavily in the UK, creating another 12,000 jobs that will give people financial security for the future.” said Prime Minister David Cameron earlier this week.
It’s important to note that this financial security doesn’t stop with Asda. It seems that all supermarket chains are doing their best to provide new jobs all across the UK to help boost the economy. Waitrose is well on its way to fulfilling their forecast of opening 2,000 jobs nationally in 2014, and Ocado is due to open up another 1,000 jobs this year in the technology and delivery departments. And another big name in the game, Sainsbury’s, has helped to create over 10,000 jobs in their past 3 year expansion.
Retail is the largest private sector employer, with the retail industry itself making up 1/5 of UK GDP. It’s a significant yet often overlooked part of the economy that is responsible for millions of jobs nationwide.
Here’s to the retailers creating numerous jobs, investing back their wealth into the economy, and helping to create a more financially stable future.
MaryEllen Fenton | Strike-Jobs.co.uk Journalist