Nearly 100,000 establishments that temporarily shut down due to the pandemic are now out of business

Nearly 100,000 establishments that temporarily shut down due to the pandemic are now out of business

Here’s what you should know.

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The spring shutdowns delivered a gut punch to owners of businesses from salons and daycare centers to tattoo parlors.

At the onset of the pandemic 140,104 were marked temporarily closed on Yelp.com, but by August that had fallen to 65,769. That drop, however, is not entirely driven by businesses reopening; instead, many have simply gone under. More than 97,966 businesses have permanently shut down during the pandemic, according to Yelp.com’s Local Economic Impact Report.

Source: fortune.com


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