Enough small long-time stores were already dying. But now, covid.
These businesses lasted decades; the virus closed them for good
Nearly 3,000 small businesses in New York City have closed for good in the past four months, blaming falling revenue, vanished tourism and ballooning debt, especially for overdue rent. Some older businesses pointed to their failure to develop robust online commerce that might have carried them through the tough times.
“It’s been this long, drawn-out loss, and it’s a lot to take in emotionally,” said Jeremiah Moss, author of “Vanishing New York: How a Great City Lost Its Soul,” a book about gentrification. Moss said he recently rode by a Manhattan theater and suddenly began wondering if it, too, would disappear soon. “And then I pushed it aside, because it’s just too much right now. It’s overwhelming.”
https://news.abs-cbn.com/business/07...-them-for-good
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
