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The pandemic continues to put usual business operations on unsteady ground across several industries, bringing about disastrous financial effects. Small to medium-sized businesses (SMBs<\/a>) are especially grappling with a loss of revenue, which has led to a number of them to close down in the U.S. And the pandemic is creating some dark days for department stores<\/a> domestically and across the pond in the U.K. All this, Today in Data.<\/p>\n 2,123: <\/a>Number of U.K. stores operated by 38 large and medium-sized retailers that fell into administration in the first six months of 2020.<\/p>\n 130M:<\/a> Quantity of paper stimulus checks the IRS sent to customers as of the end of May.<\/p>\n 90%:<\/a> Share by which Kohl’s<\/a> digital sales surged year over year in May.<\/p>\n 75%:<\/a> Approximate portion of U.S. SMB owners who find PPP loan terms difficult to understand.<\/p>\n 24:<\/a> Number of weeks SMBs have to fully spend their PPP loans as opposed to the original eight weeks.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n Tags:<\/b> Pymnts<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"![](\"https:\/\/securecdn.pymnts.com\/wp-content\/uploads\/2020\/07\/TiD-7.3.2020.png\")
Data:<\/strong><\/p>\n <\/div>\n <\/div>\nSee Campaign: <\/strong>http:\/\/http:\/\/www.kohls.com\/<\/a>
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The pandemic continues to put usual business operations on unsteady ground across several industries, bringing about disastrous financial effects. Small to medium-sized businesses (SMBs) are especially grappling with a loss of revenue, which has led to a number of them to close down in the U.S. And the pandemic is creating some dark days for department stores domestically and … Continue reading SMBs, Department Store Chains Contend With Pandemic’s Impact<\/span><\/a> Continue Reading