Yup, anyone who owns or works in retail is pretty much scr&wed right now. And the Zombies are after them too.
Gub-Mint workers? COVID 19: Experiences may vary
Canada's Main Streets and Small Businesses Face Extreme Uncertainty According to New Research Study
-Visits to main streets down 35-70 per cent
-Concern for safety is a critical issue, especially in downtown areas
-Small businesses pin hopes on Canadians shopping local
Vancity Community Investment Bank (VCIB), and the Canadian Urban Institute, today released research that examines seven of Canada’s main streets, offering insight into how small businesses have been impacted by COVID-19 since April.
This follow up study to earlier research reveals the extent to which small businesses are grappling with the effects of the pandemic. Insights from April to July showed that despite the pandemic, the business community had the space to find innovative ways to adapt during the summer by taking advantage of conditions such as relaxed restrictions and lower COVID-19 case numbers. Strong local economies and connections to the community were also helping businesses fare. However, visitation data shows foot traffic on main streets has fallen since September with each block reporting visits to be down between 35-70 per cent compared to the same time last year, and 58 per cent of businesses are operating with reduced revenues – often less than half of pre-COVID levels.
The study sets out to determine how communities and main streets have fared in the wake of the pandemic and quantifies the challenges facing small independent businesses. The survey looked at blocks in the following neighbourhoods in Ontario and British Columbia: The Beaches in Toronto; Surrey-Newton, BC; Downtown Hamilton; Wexford Heights, Toronto; Downtown Victoria; Strathcona-Vancouver; and the North Shore in Kamloops.
Key findings of the research study include:
Visits to the seven blocks were down between 30-70% compared to pre-COVID levels. Downtown Victoria in BC saw almost a million fewer visits from April to September compared to the same time last year. In The Beaches neighbourhood in Toronto, there were 550,000 fewer visits and in North Shore Kamloops, a small community in BC, there were 140,000 fewer visits.
Business owners in downtown blocks report an exponential increase in vandalism, including graffiti and broken windows, that they fear is keeping local residents off the main street. In Victoria and Strathcona in BC, 77% and 67% of businesses respectively, said their biggest challenge is increased safety issues in the neighbourhood.
More than 25% of businesses say that selling more online and through delivery applications have positively affected their business. And while these services have become a significant source of revenue for restaurants, the high commission rates charged by mainstream meal delivery services continues to put a strain on profits.
Encouraging local shopping was the most widely cited example of a meaningful support business owners wanted from government (57%). It was more popular than creating a more competitive tax environment (40%) or better access to financing (20%) as the most important thing governments and other main street advocates should do to support them going forward.
There is a growing presence of REITS and large investment companies on main streets, which tend to be less invested in the well-being of businesses and local neighbourhoods.
https://www.vancity.com/AboutVancity/News/MediaReleases/CanadasMainStreetsSmallBusinessesUncertainty_Dec7_2020/