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Businesses Face Lost Sales due to Wildfire Smoke
CRE Moodysanalytics writes:
“Wildfire Smoke Reduces Store Visits
The research finds that wildfire smoke reduces annual sales for all businesses assessed, but particularly for those in consumer industries such as retail and restaurants. Such businesses experience a roughly 18% decline in sales on days with medium to high wildfire smoke and do not recover those lost sales on other days. As some regions of the country have begun enduring multiple weeks of wildfire smoke per year, this could add up to a substantial decrease in sales and associated revenue.”
To read more, please visit the article below:
cre.moodysanalytics.com
Moody's CRE | Businesses Face Lost Sales due to Wildfire Smoke
Discover how wildfire smoke affects businesses and how commercial real estate professionals can identify and mitigate these risks.
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