The second quarter of 2020 saw the easing of restrictions on businesses in Northern Nevada. The first quarter of 2020 had 75 days in which businesses were open, and 15 days of closure, while the second quarter managed 45 days of closures and 45 days of partial re-opening. It will be some time before we see taxable sales data, though employment data has shown some improvement since things hit bottom in April and May. Several obstacles still face the retail market, though, both in terms of re-closures of bars, continued weak tourism numbers and the return of evictions in late July. We think the Reno/Sparks retail market will show some improvement in the second half of 2020, but do not think the recovery will be especially strong.
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