55% of businesses closed since March are now permanent, Yelp says - Business Insider

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More than half of all coronavirus-related business closures since March are now permanent, according to Yelp data

Permanent closures account for 55% of all businesses that've closed since March 1, Yelp reported, citing data through July 10.

citing data through July 10. That's a jump from June, when Yelp found that 41% of business closures since March were permanent. Through July 10, the number of closed businesses decreased to 132,500, reflecting "rapidly evolving situations at the local level" as some states pause or roll back reopening plans to combat a spike in coronavirus cases. , which was one of the first and hardest hit by sweeping shutdowns that began in March to curb the spread of COVID-19. Of all the restaurants closed in July, 60% have been permanent closures, according to Yelp data, a 23% increase from June 15.

 

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