# The Longterm Impact of Retail Closures in 2021

Published 2021-04-09 · Updated 2026-07-23 · Retail on MarketScale
Canonical: https://www.marketscale.com/industries/retail/the-longterm-impact-of-retail-closures-in-2021

> The CEO of Mainvest, Nick Mathews, discusses big news out of the Bureau of Labor Statistics on massive incoming retail closures in 2021. He breaks down which sectors are most impacted, but specifically, gives insight on how small businesses are being hit, and offers strategies for how government and business communities can step in…

The CEO of [Mainvest](https://mainvest.com/), [Nick Mathews](https://www.linkedin.com/in/nickmathews/), discusses big news out of the Bureau of Labor Statistics on massive incoming retail closures in 2021. He breaks down which sectors are most impacted, but specifically, gives insight on how small businesses are being hit, and offers strategies for how government and business communities can step in to support.

With these small business closures, what are the longterm impacts on their communities’ economic independence? Stay tuned for the full interview, breaking down Matthews’ predictions for Main Street’s response to COVID’s domino effects on employment, tax revenue, tourism, and more.

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