Name: GONE FOREVER: Yelp Data Shows 60% Of Business Closures Due To COVID-19 Are Now Permanent
Brand: thegatewaypundit.com
SKU: thegatewaypundit-com-456
Availability: OnlineOnly

critic

GONE FOREVER: Yelp Data Shows 60% Of Business Closures Due To COVID-19 Are Now Permanent

preview

ManageLoginAdvertisementA majority of businesses that shut down during the COVID-19 over-reaction by government officials will never reopen.“As of Aug, 31, 163,735 businesses have indicated on Yelp that they have closed. That’s down from the 180,000 that closed at the very beginning of the pandemic. However, it actually shows a 23% increase in the number of closures since mid-July,” CNBC .Advertisement - story continues belowIn addition to monitoring closed businesses, Yelp also takes into account the businesses whose closures have become permanent. That number has steadily increased throughout the past six months, now reaching 97,966, representing 60% of closed businesses that won’t be reopening.“Overall, Yelp’s data shows that business closures have continued to rise with a 34% increase in permanent closures since our last report in mid-July,” Justin Norman, Yelp’s vice president of data science, told CNBC. … Throughout the past six months, restaurants, bars, and nightlife have been hit the hardest by the restrictions brought along by the pandemic: 32,109 restaurants have closed, as of Aug. 31. The number of restaurants forced to permanently close is slightly above Yelp’s total average, at 61%.TRENDING:Yelp said in its :The restaurant industry continues to be among the most impacted with an increasing number of closures – totalling 32,109 closures as of August 31, with 19,590 of these business closures indicated to be permanent (61%). Breakfast and brunch restaurants, burger joints, sandwich shops, dessert places and Mexican restaurants are among the types of restaurants with the highest rate of business closures. Foods that work well for delivery and takeout have been able to keep their closure rates lower than others, including pizza places, delis, food trucks, bakeries and coffee shops.Advertisement - story continues belowMeanwhile, bars and nightlife, an industry 6X smaller than restaurants, has endured an especially high closure rate, with an increasing percentage of closures being permanent. As of the end of August there were 6,451 total business closures, of which 3,499 were permanently closed (54%). The share of permanent closures within bars and nightlife have increased by 10% since our&nbsp;Economic Average Report&nbsp;in July.Retail and shopping follows closely behind restaurants with 30,374 total business closures, 17,503 of which are permanent (58%). Similar to bars and nightlife, the share of permanent closures increased by 10% since July. Both men and women’s clothing, as well as home decor, have the highest rate of business closures.&nbsp;&nbsp;&nbsp;Advertisement - story continues below&nbsp;AdvertisementThe Gateway Pundit is moving back to Disqus! All of your account information and comment history has been saved and will be uploaded as quickly as possible to Disqus. If you do not already have a Disqus account, you will need to create one. Please use the same email address that you used for Insticator for your comment history to be carried over. We greatly appreciate your patience and continued support!Please enable JavaScript to view theAdvertisementJoin The Gateway Pundit NewsletterSign up for our free email newsletter, and we'll make sure to keep you in the loop.&nbsp;Visit to learn how to help the prisoners of the protest on January 6th.AdvertisementAdvertisementWhere Hope Finally Made a Comeback.© 2022 The Gateway Pundit – All Rights Reserved.Tap here to add The Western Journal to your home screen.Advertisement×Advertisement

ManageLoginAdvertisementA majority of businesses that shut down during the COVID-19 over-reaction by government officials will never reopen.“As of Aug, 31, 163,735 businesses have indicated on Yelp that they have closed. That’s down from the 180,000 that closed at the very beginning of the pandemic. However, it actually shows a 23% increase in the number of closures since mid-July,” CNBC .Advertisement - story continues belowIn addition to monitoring closed businesses, Yelp also takes into account the businesses whose closures have become permanent. That number has steadily increased...

public

Eric A. Blair

The Gateway Pundit is an American far-right news and opinion website. The website is known for publishing falsehoods and spreading hoaxes.[5] The Gateway Pundit expanded from a one-person enterprise into a multi-employee operation that is supported primarily by advertising revenue. During the 2016 U.S. presidential campaign, the site received over a million unique visitors per day.

GONE FOREVER: Yelp Data Shows 60% Of Business Closures Due To COVID-19 Are Now Permanent

No article scores yet.

CRITIC REVIEWS

PUBLIC REVIEWS