Looting Is Second Blow for Reeling Businesses, Especially in Minority Neighborhoods

United States News News

Looting Is Second Blow for Reeling Businesses, Especially in Minority Neighborhoods
United States Latest News,United States Headlines
  • 📰 WSJ
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Along Philadelphia’s 52nd Street corridor, mom-and-pop stores suffered major damage. Many had been gearing up for revival after weeks of coronavirus shutdowns, and some now face the prospect of months before reopening, if ever.

PHILADELPHIA—The destruction came in waves.

The first one hit about 4 a.m. on Sunday, when four people smashed the glass door of a clothing store in this predominantly black neighborhood and made off with armfuls of merchandise. About 12 hours later, looters emptied out a corner pharmacy and set fire to the uniform shop next door. Several more businesses were victimized in the wee hours of Monday morning, including a jewelry store where thieves broke into glass cases and stole about $200,000 of goods.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

WSJ /  🏆 98. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Shopkeepers clean up businesses in Van Nuys following night of lootingShopkeepers clean up businesses in Van Nuys following night of lootingVolunteers and residents help clean up following a night of protest and looting in Van Nuys.
Read more »

Small businesses already hurt by coronavirus face more devastation due to lootingSmall businesses already hurt by coronavirus face more devastation due to lootingIn the last week, the economic woes stemming from the coronavirus pandemic were further exacerbated when a number of small businesses throughout the nation sustained damages due to the nationwide protests fueled by the death of George Floyd. While some of the demonstrations were peaceful, others turned
Read more »

How insurance works for looted small businessesHow insurance works for looted small businessesMost business owner policies cover property damage and loss in protest situations. But it’s often up to the owner to choose how much insurance to buy.
Read more »

Insurers say looting is covered under most insurance policies for businessesInsurers say looting is covered under most insurance policies for businessesAfter days of riots and looting, many businesses are looking to get back on their feet starting with filing insurance claims for the damage suffered.
Read more »

SoftBank put together a $100 million investment fund for minority-owned businesses in 24 hoursSoftBank put together a $100 million investment fund for minority-owned businesses in 24 hoursSoftbank announced a $100 million Opportunity Fund that will invest only in companies led by people of color. It's one of the first large funds created in response to nationwide protests sparked by the killing of George Floyd, an unarmed black man.
Read more »



Render Time: 2025-03-23 17:53:27