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YELP: 60% OF BUSINESS CLOSURES HAVE
BECOME PERMANENT
According to Yelp statistics, around 60% of businesses have permanently shut their doors. A testament to the damage COVID and government mandates have wrought.
Yet, according to Yelp’s annual review published last month, business openings and re-openings saw an uptick from November and December – albeit a small increase of just under 4%.
Also, we have yet to see the repercussions for small businesses. Big-businesses used the pandemic as an opportunity to buy their competitors at fire-sale prices. Permanently supplanting many mom & pop shops across the nation.
