A third of small retail businesses couldn't make their rent payments in April, according to new survey data from Alignable.
Of the small businesses surveyed nationwide by Alignable, 34% responded they couldn't make the rent, an increase of 6% from February's survey, and 46% of respondents said their rent is now higher than it was six months ago.
The primary reasons cited for failure to make rent included inflation, supply chain issues, labor shortage, reduced revenue and rent increases, the report said.
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