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The following retailers have all either closed or announced plans to close large numbers of retail locations, since 2010, during a time period labelled a "retail apocalypse" by media, accelerated by both the increase in online shopping and then by the economic impact of the COVID-19 pandemic.
Small and medium size U.S. businesses lack cash reserves and supply chain diversification to withstand coronavirus panic, while major firms are resilient to partial, or even full-year profit ...
By the end of February London's FTSE 100 share index has seen one of its worst weeks since the depths of the financial crisis in 2008, as over £200bn is wiped off UK firms' value. [85] A small number of retailers suggested that online orders shipped from China were reduced because of the impact of COVID-19. [citation needed]
Signs on door of a Graeter's ice cream parlor in the Hyde Park neighborhood of Cincinnati during government-mandated closings. The COVID-19 pandemic impacted the United States restaurant industry via government closures, resulting in layoffs of workers and loss of income for restaurants and owners and threatening the survival of independent restaurants as a category.
Small and mid-sized businesses are struggling to survive. Many have already gone under water this year. Most businesses that failed this year come from one sector of the economy
Any small business outside of Chicago can apply for low-interest loans of up to $50,000 through the Illinois Small Business Emergency Loan Fund. The businesses must have fewer than 50 workers and ...
The COVID-19 pandemic affected fishing and seafood industries worldwide beginning with the temporary lockdown and closing of all but essential businesses. This affected restaurants, which are where 80% of fish and seafood consumption takes place in the U.S. [ 142 ] Disruption to seafood exports resulted in cancelled orders to both national and ...
Germany started producing and stockpiling COVID-19 tests in January 2020. [20] The United States Centers for Disease Control and Prevention (CDC) initially demanded that universities and other researchers abandon their attempts to make diagnostic PCR tests in favor waiting for the CDC to release its own tests. The CDC then distributed 160,000 ...