- July 24, 2021
- Posted by: Stratford Team
- Category: Business
This economy is rebounding from the COVID-19 downturn at a really solid clip now. Consumers are flush with cash and spending it up, and more people are fully vaccinated every day. That’s especially good news for small and medium-sized service and retail businesses that got hammered as the pandemic raged.
Something like 15-20% of small businesses likely didn’t survive the pandemic. A lot of them are surging back, according to new data from Yelp.
The company reports the second quarter had the fastest pace of business reopening since last spring, led by restaurants and retailers, with home improvement and auto repair and a range of professional services also very strong.
“Over 60,000 businesses reopened, which is the highest volume of reopenings in the last year, said Justin Norman, head of data science at Yelp.
Plus, a record number of new businesses…
