Data gathered and analyzed by review site Yelp indicates that the number of businesses that have shut down due to the pandemic has increased by 23 percent since July, said CNBC. As of Aug. 31, the site said that 163,735 businesses have reported that they have closed. Of these businesses, 60 percent or 97,966 have reported that they've closed for good. These permanent closures have risen by 34 percent since the site's July report. Back then, the site reported that 132,580 businesses had closed, 72,842 of them permanently, accounting for 55 percent.
Yelp amassed theseĀ figures by looking at changes to a business's hours or description on the its website. It found that those most able to weather the storm were businesses that don't require much physical presence in indoor areas, such as lawyers, accountants, landscapers and car mechanics. By contrast, those doing the worst are bars and restaurants, which are not well-positioned to switch to delivery; of those, breakfast and brunch places were doing the worst, with 56.8 closures per 1,000 businesses. Retail, despite reopenings in many areas, isn't doing much better, as 30,374 retail businesses are closed, 58 percent permanently.