#Coronavirus Business Report: Long Island Welcomes Phase 2 Reopen, With Outdoor Dining, Hair Salons And Barbershops according to CBSlocal

The one discussion bulls chose to ignore while equity markets soar to new highs is the permanent economic damage story due to months of coronavirus lockdowns. A new report shows tens of thousands of brick and mortar shops could close their doors this year, which would indicate the “retail apocalypse” is accelerating. 

The report, commissioned by Coresight Research, forecasts that in 2020, upwards of 25,000 retailers could shutter operations after months of lockdowns decimated mall traffic — collapsing store sales and resulting in delinquent rent payments.  

Long Island Welcomes Phase 2 Reopen, With Outdoor Dining, Hair Salons And Barbershops