That's Mom and Pop behind you on line at the food pantry.
These numbers are Terrible.

41% of businesses listed on Yelp have closed for good during the pandemic
[www.marketwatch.com]

American states have been slowly reopening their economies in the wake of the coronavirus pandemic, but thousands of businesses are still closed — many of them for good.

As of June 15, 140,000 businesses listed on the Yelp review site remained closed due to the coronavirus pandemic. And of all the business closures since March 1, 41% of them have shuttered permanently, according to Yelp’s latest Local Economic Impact Report.

Los Angeles recorded the largest total number of closures with 11,774 business establishments shuttering, but Las Vegas has had the highest number of closures relative to the number of businesses in the city at 1,921.

Although 20% of the businesses that were closed in April have reopened as states have started relaxing social distancing guidelines, retailers and restaurants remain especially hard-hit. Shopping and retail stores have suffered 27,663 closures, while 23,981 restaurants listed on Yelp are still closed. Beauty (15,348 closures) and fitness (5,589 closures) centers are also among the sectors struggling the most. It’s difficult for these establishments to incorporate the social distancing measures required to reopen in many places.

“By far, retail shopping was hit the hardest,” Justin Norman, Yelp’s vice president of data science, told the Wall Street Journal. “When you look at those two top categories [retail and restaurants], we’re potentially never going to see some of these businesses again.”

I have no doubt that this number includes the businesses listed in yelp that were closed long before the pandemic.

Quote
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I have no doubt that this number includes the businesses listed in yelp that were closed long before the pandemic.

Agree! Not to mention the normal failure rate of many business classes.
Business Failure Rates and Startup Statistics for 2019
First year: 21.5%
Second year: 30%
Fifth year: 50%
The businesses that were most likely to fail in 2019 included:
Grocery stores
Local trucking
Plumbing, heating and air conditioning
Security brokers and dealers

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