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October 23, 2020By Michael Cader

The Strand’s Revenues Are Down “Nearly 70 Percent”

October 23, 2020By Michael Cader

Owner of the the Strand Book Store Nancy Bass wrote to customers asking for support to sustain and save the business: “The Strand’s revenue has dropped nearly 70 percent compared to last year…. Because of the impact of Covid-19, we cannot survive the huge decline in foot traffic, a near-complete loss of tourism, and zero in-store events.” Bass says, “The next few months will determine the future of The Strand.” The store did receive a PPP loan, reported by their union to be over $1 million. Bass says that loan and their cash reserves “allowed us to weather the past […]

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Filed Under: Bookstores, Finance

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