These bits of data from Prodco Analytics and OpenTable, reported by the Wall Street Journal, graphically illustrate the effects of Covid-related retail shuttering. Retail visits in North America fell off a cliff in March 2020, reaching a negative 100 percent by the end of the month, while visits to restaurants likewise fell 100 percent about the third week of March 2020.
That could hardly be anything but the case after all restaurants, bars and nearly all retail locations were ordered shut by government order in March 2020, in most jurisdictions.
Small businesses will be severely challenged to come out the other side, and many will likely not make it at all. Unprecedented.
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