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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.

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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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