Company News, Financial News

A Cry for Help from Yelp

COVID-19 closures may never reopen, warns review site.

The latest data from Yelp is a real cry for help. As of June 15, 140,000 businesses listed on the Yelp review site remained closed due to the coronavirus pandemic. And of all the business closures since March 1, 41% of them have shuttered permanently, according to Yelp’s latest Local Economic Impact Report. As one would expect, beauty-related establishments are high on the list. By region, Los Angeles recorded the largest total number of closures with 11,774 business establishments shuttering...

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