PENNSYLVANIA To say that 2020 was a brutal year for brick-and-mortar retailers and restaurants across America is an enormous understatement. Owing to the worst domestic public health crisis in a century, corporate bankruptcies in those industries increased significantly from 17 in 2019 to 30 this year.
When the coronavirus outbreak began out in March, stores and eateries closed for weeks and those that remain still haven’t recovered. Retailers saw consumers increasingly shift to online purchases as the preferred option to shopping at potentially virus-filled malls; restaurants in the state had indoor dining prohibited for a prolonged period and are operating under such a ban again until early January.
The financial hemorrhaging of re…
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