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If a company closes temporarily, it's usually not due to an ongoing pandemic. That's temporary and rather different from a regular "it's going so bad we need to
by Aachen 6y ago
If a company closes temporarily, it's usually not due to an ongoing pandemic. That's temporary and rather different from a regular "it's going so bad we need to close now".
- ashtonkem 6y agoThere’s two halves of this: what percentage of “temporary” closures ended up being permanent, and what percentage of closures were temporary in more normal years? It’s internally consistent to believe that most business survive temporary closures (or not! I don’t know), but also that temporary closures are more of the exception than the norm. If that turns out to be true, then fretting the rate of “temporary” closures that become permanent is probably not even a terribly interesting statistic.