1851

Hopes for a quick economic rebound after the COVID-19 crisis depend in large part on the reopening of businesses that have temporarily shuttered since March, but many businesses that relied on loans or savings to make it through the spring are now out of cash and vying for a fraction of the consumer spending seen before the pandemic’s arrival.As a result, many temporary closures have become permanent. According to <a href="https://www.yelpeconomicaverage.com/yelp-coronavirus-economic-impact-report.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=41-of-closed-businesses-on-yelp-are-not-coming-back-2713396" target="_blank" rel="nofollow">a new economic impact report from Yelp</a>, 41% of the roughly 14,000 businesses on the platform that have closed since March 1 will not be returning.&nbsp;Restaurants and retail have taken the biggest losses, with 27,663 retail stores and 23,981 restaurants listed as closed. According to the report, 35% of those retail closures are now permanent, as are a whopping 53% of restaurant closures.&nbsp;And while consumer spending remains a far cry from pre-COVID levels, there are signs in Yelp’s report that consumers are eager to patronize certain types of businesses that were largely considered off limits in the early months of the crisis.<blockquote>People are starting to feel more comfortable participating in indoor activities, with increased consumer interest for escape games (up 182%), Go Karts (up 147%), axe throwing (up 113%), gyms (up 81%), bowling (up 63%) and yoga (42%). That said, in some instances people are still finding ways to stay outdoors while social distancing with an increased interest in mini golf (up 132%), amusement parks (up 28%) and horseback riding (up 21%).</blockquote>Of course, the coronavirus crisis is not the only event impacting businesses across the country. Yelp’s report also shows new patterns attributable to the ongoing racial-justice protests that swept across the country in May following the killing of George Floyd. Since May 25, Yelp has seen a staggering 1785% increase in searches for Black-owned businesses compared to the first three weeks of May. “Review mentions of “Black-owned” (and related terms) also skyrocketed, up 426%, as people look to support and surface these businesses to the community,” the report notes.<a href="https://www.marketwatch.com/story/41-of-businesses-listed-on-yelp-have-closed-for-good-during-the-pandemic-2020-06-25?utm_source=1851franchise.com&utm_medium=article&utm_campaign=41-of-closed-businesses-on-yelp-are-not-coming-back-2713396" target="_blank" rel="nofollow">Read the full report at yelpeconomicaverage.com</a>.

41% of Closed Businesses on Yelp Are Not Coming Back

1851 Franchise

Retail and foodservice have seen the biggest losses.

41-of-closed-businesses-on-yelp-are-not-coming-back

Griswold

Home for the Holidays: How Griswold Helps Families Stay Connected and Cared For During the Most Important Time of Year

home-care-holidays-griswold-support

United Water Restoration Group

image of water restoration group Air Force veteran Nathan Sherman

Is United Water Restoration Group the Right Franchise Opportunity for First-Time Business Owners?

united-water-restoration-group-first-time-business-owners

Paris Baguette

image of Paris baguette franchise owner success

The Recipe for Success: A Step-By-Step Guide to Opening a Paris Baguette Franchise

paris-baguette-franchise-process

Onigilly Japanese Kitchen

Image of Onigilly restaurant franchise Reports Record 2025 Growth in Fast Casual

Onigilly Japanese Kitchen Closes 2025 With Record Sales Growth and Expanding Franchise Pipeline

onigilly-franchise-2025-growth-fast-casual

Pool Scouts

Pool Scouts Franchise - 2025 Annual Convention - Dallas TX - 1851 Franchise

Pool Scouts' 2025 Conference Sets the Stage for the Brand's Next Phase of Growth

pool-scouts-2025-conference-recap

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Development Website Builder

Franchise Resources

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

1851 Login

GROWTH CLUB LOGIN

facebook

instagram

twitter

linkedin

youtube

Domino's Franchise - North Pole - Dec 2025 - 1851 Franchise

Domino’s Pizza Brings Delivery Cheer to North Pole, Alaska

dominos-pizza-franchise-north-pole-alaska

California Pizza Kitchen’s Sale Is the Latest in the Era of PE-Backed Turnarounds in Franchising

california-pizza-kitchens-sale-is-the-latest-in-the-era-of-pe-backed-turnarounds-in-franchising

Buying a fitness franchise, people exercising

Boutique vs. Big Box Gym Franchises: Which Offers Best ROI in the $7 Billion Fitness Market?

buy-fitness-franchise-boutique-big-box-comparison

Pieology Pizza Enters Chapter 11 Following Costly Bid To Save Struggling Stores

pieology-pizza-files-chapter-11-bankruptcy

CNBC: McDonald’s Will Assess if Franchisees Are Offering Value for Customers Under New Standards

mcdonalds-franchise-standards-value-metric

Paris Baguette Welcomes Zac Sulma as New Chief Operating Officer

new-coo-zac-sulma

Bed Bath & Beyond - Franchise Expansion - Retail Strategy - 1851 Franchise

Bed Bath & Beyond Launches Franchise Model as Part of Comeback Strategy

bed-bath-beyond-franchise-expansion-retail-strategy

Senior Entrepreneurship - Franchising - 1851 Franchise

Senior Entrepreneurship Is Rising — And Franchising Is a Key Outlet

senior-entrepreneurship-franchising-silver-startups

AI-related job cuts, October U.S. job cuts, American job cut record

AI-Fueled Layoffs Reshape the U.S. Job Market — And Highlight Franchising’s Resilience

ai-job-cuts-franchising-path-forward

Photo of group of dogs standing together in day care facility

Top Pet Boarding and Day Care Franchise Opportunities for 2025

top-pet-boarding-daycare-franchises

Do You Qualify? A Look at the Chick-fil-A Franchise Requirements

do-you-qualify-a-look-at-the-chick-fil-a-franchise-requirements

The Top 15 Pet Supplies and Retail Franchises for 2025

the-top-15-pet-supplies-and-retail-franchises

The Top 15 Pet Wellness and Vet Care Franchises for 2025

top-pet-wellness-franchise-opportunities

Ellianos Coffee Franchise Costs, Fees, Profit and Data for 2025

ellianos-coffee-franchise-costs-fees-profit-and-data

image of michael panos and michel panos, owners of mellow mushroom in Atlanta

What Makes Mellow Mushroom a Strong Franchise Investment? Insights From the Panos Family’s Metro Atlanta Portfolio

mellow-mushroom-franchise-panos-restaurant-group-metro-atlanta

41% of Closed Businesses on Yelp Are Not Coming Back

MORE STORIES LIKE THIS