In addition to destroying the accomplishments of thousands of American entrepreneurs and the jobs they create, lockdowns are forcing retail to consolidate around large national brands, which are better positioned to survive the pandemic.
Lockdowns Starve Mom and Pop
The latest lockdowns across the country will be deadly for the small businesses that have endured the pandemic this far. While there are no official numbers yet, business data show significant losses. Yelp ’s Local Economic Impact Report found that, from March 1 through Aug. 31, nearly 100,000 businesses listed on Yelp had closed permanently due to the pandemic, an average of more than 500 a day.
In addition to destroying the accomplishments of thousands of American entrepreneurs and the jobs they create, lockdowns are forcing retail to consolidate around large national brands, which are better positioned to survive the pandemic.
Read Full Article »
In addition to destroying the accomplishments of thousands of American entrepreneurs and the jobs they create, lockdowns are forcing retail to consolidate around large national brands, which are better positioned to survive the pandemic.
Comment
Show comments
Hide Comments
