The winners and losers of the pandemic holiday season

… and the losers:

Small businesses: Hundreds of thousands of small, independent businesses remain closed around the country, and close to 60% of them have now shuttered for good, according to Yelp data.

The leisure and hospitality sector: Hotels, restaurants, theme parks and other businesses that typically thrive during the holidays have been hardest hit. 65% of small businesses in this sector have closed in San Francisco, 72% in New Orleans, 55% in D.C., and 60% in San Antonio, according to the World Economic Forum.

Malls: With cases spiking, long Black Friday lines will be a thing of the past. 74% of people plan to shop online this weekend to avoid crowds, per a Deloitte survey.