Data Wednesday: Over 2.4 Million Retail Locations Lost Due to COVID
Over 2.4 million merchants closed their doors permanently worldwide in 2020 due to the economic repercussions of COVID-19 lockdowns, with over 97% of those closings coming from retailers, restaurants and hospitality companies with fewer than 5 locations, according to new research from IHL Group. “While the pandemic has been challenging […]
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