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More Than Half of Business Closures are Permanent – TheStreet

A Yelp study finds that 55% of business closures are closed for good.




Yelp reports Increased Consumer Interest in May correlates with more Covid outbreaks and closures in June and July.
Consumer Interest vs Outbreaks
Business Closures Fluctuate Across the Nation

  • There were 140,000 total businesses closures on Yelp from March 1 to June 15. This increased to more than 147,000 total business closures on June 29 and then dropped again to just more than 132,500 total business closures as of July 10. 
  • In April, there were more than 175,000 business cl…

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