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Many large-scale events that planned to take place in 2020 in Canada were cancelled or delayed. This includes all major sporting and artistic events. [2] Canada's tourism and air travel sectors were hit especially hard due to travel restrictions. [3] Some farmers feared a labour shortfall and bankruptcy. [4] The pandemic affected consumer ...
J.Crew was the first national retailer to file for Chapter 11 bankruptcy during the pandemic on May 4. [31] After 60 years in business, Northgate Mall in Durham, North Carolina, closed on May 4, the first shopping mall in the United States to directly attribute the pandemic as the reason for the closure. [32] [33]
All non-essential businesses, retail outlets (which include all businesses deemed non-essential under the "Lockdown" tier of the response framework, as well as hardware stores and pet shops), cultural amenities, sports and recreation facilities (unless "being used by high-performance athletes and specified professional leagues"), and personal ...
The case of UNO and AMC 24 Hamilton speaks to a much broader issue involving the relationship between big and small business, the importance of foot traffic for retailers and what matters most for ...
A recent analysis conducted by the Federal Reserve Board found that the pandemic resulted in the permanent closure of roughly 200,000 more American businesses than are typical during any given ...
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Small businesses have been hit hard by the COVID-19 pandemic and its lockdowns. Many of them also lacked the technological tools to survive in an unprecedented environment. To make things worse, in the European regions most affected by the coronavirus pandemic small businesses are usually less digitalised. [423] [424] [425]
For some, COVID-19 is proving to be a boon for business. For premium support please call: 800-290-4726 more ways to reach us