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US retail sales plummeted to a record 16% in April as a coronavirus struck



US retail sales plummeted to a record 16% in April as a coronavirus struck

US retail sales plummeted by a record 16.4% from March to April because business shutdowns caused by coronavirus drove buyers away, threatening the survival of stores across the country and further weighing on a sinking economy.

Friday’s Commerce Department report on retail purchases showed the sector had collapsed so quickly that sales over the past 12 months fell a crippling 21.6%. The severity of the decline is unmatched for retail figures that go back to 1992. The monthly decline in April nearly doubled the previous record decline of 8.3% – set just one month before.

“It’s like a storm coming and leveling the entire economy, and now we are trying to make it back up and running,” said Joshua Shapiro, chief US economist for consultant Maria Fiorini Ramirez.

Shapiro suggested that retail sales should recover slightly when states and regions reopen their economies. But he said overall sales would remain depressed “because there will be a large number of lost jobs that don’t return.”

The sharpest decline from March to April occurred in clothing, electronics and furniture stores. The old migration of consumers to online purchases is accelerating, with the segment posting a 8.4% increase every month. Measured from year to year, online sales jumped 21.6%.

Apart from being online, no retail categories were avoided in April. Car dealers experienced a monthly decline of 13%. Furniture stores absorb 59% risk. Electronics and equipment stores dropped more than 60%. Retailers selling building materials posted a decline of around 3%. After panicking buying in March, wholesale sales fell 13%.

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Clothing store sales plummeted 79%, department stores 29%. Restaurants, some of which have begun to close permanently, have decreased by almost 30% despite an aggressive shift to food delivery and delivery orders.

For the staggered retail sector, free fall in spending again poses a big risk. Department stores such as Neiman Marcus and J. Crew have filed for bankruptcy protection. Hotels, restaurants and car dealers are in danger. Nearly $ 1 of every $ 5 spent at retailers last month goes to non-store retailers.

Retailers are being threatened not only by the closure of businesses mandated by states and localities but also by the loss of a record 36 million jobs over the past two months. Unemployed usually pulls back sharply on retail purchases.

April analysis by a group of academic economists found that a one-month closing can remove 31% of non-wholesale retailers. Four-month closure can force 65% to close.

The fall in retail spending is the main reason why the US economy is contracting. Purchases at retailers are a major component of overall consumer spending, which triggers around 70% of economic activity.

With some Americans shopping, traveling, eating or shopping normally, economists project that gross domestic product – the widest measure of economic activity – shrank in the April-June quarter at an annual rate of around 40%. That would be the deepest quarterly decline on record.

Expenditures tracked by Opportunity Opportunities indicate that consumer spending may have reached its lowest point around mid-April before starting to rise slightly, at least in the general clothing and merchandise category. But spending on transportation, restaurants, hotels and arts and entertainment remains very depressed.

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Credit card purchases tracked by JPMorgan Chase found that expenses for necessities such as food, fuel, telephone services, and car repairs fell by 20% annually. Conversely, spending on “things that are not important,” such as eating out, plane tickets and personal services such as salons or yoga classes, dropped by 50% worse.

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Portugal beat Switzerland with Gonçalo Ramos hat-trick to play Morocco in World Cup quarter-finals – Observer



Portugal beat Switzerland with Gonçalo Ramos hat-trick to play Morocco in World Cup quarter-finals - Observer

Absence of Ronaldo, favorite song and game with Morocco. Gonzalo Ramos sums up a (beautiful) night he never dreamed of

Goncalo Ramos’ debut as a starter at the World Cup saw him score three goals and have a great night. Although there was talk before the game about the absence of CR7 in the starting lineup, the Benfica player said that it was different in the dressing room: “Honestly, in our dressing room, no one talked about it. Cristiano as our captain did what he does in every game. He helped us, motivated us and gave me a word of encouragement both for himself and for everyone else.”

After explaining at a press conference that he only had time to call his parents and best friends, Gonçalo Ramos turned to the next game, in which Portugal would “come out with everything”. “The game against Morocco will start 0-0. Today’s score doesn’t matter anymore.”

When asked about today’s performance, the Benfica player said that even in his wildest dreams he never thought of making his debut in the starting lineup in the World Cup playoffs with a hat-trick. “In relation to exemplary players, Ronaldo is an idol for many. I also like Lewandowski and Ibrahimovic.”

In a more relaxed moment, journalists asked Ramos what his favorite song is and what song he would like to hear when he scores goals. “This song contains profanity. Maybe it’s better not to mention it. Another? The music when we score is good. This can continue.”

After the press conference, Gonzalo Ramos went to receive the Man of the Match trophy. Upon receiving the award, he was asked which of his teammates he would give it to if he could choose: “I would give it to the whole team, because without the whole team it’s impossible to win games.”

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Turismo Centro de Portugal promotes discussion on the importance of the Portuguese route to Santiago for the region : Gazeta Rural



Turismo Centro de Portugal promotes discussion on the importance of the Portuguese route to Santiago for the region : Gazeta Rural

BUT Tourism in Central Portugal organizes on December 19 and 20 two conferences on the importance of Caminhos de Santiago tourism product in Central Portugal.

The colloquium will take place in melkhada you Covilhã and offer a reflection on Structuring, Knowing, Experience and Dynamizing different layouts portuguese way santiago, with a focus on the importance of this tourism product for the local economy.

The first action, on the 19th, will take place at the Cineeatro Messias, in Mealhada, a municipality that is on the Caminho Português Central route. The next day, the stage will be the Hall of the Municipal Assembly of Covilhã, the city where the Caminho Português Nascente takes place.

Registration is free and mandatory via the following links:
Colloquium in Mealhada, December 19 –
Colloquium in Covilhã, 20/12 –

Work will take place in the morning, from 10:00 to 13:00. In the afternoon (15:00 – 16:30) there will be a practical part with a short walk along the section of the Portuguese route to Santiago, so it is advisable that the participants be prepared for this purpose.

The initiative is aimed at the community, as well as local and regional public and private organizations. It will bring together speakers and participants from the fields of culture, spirituality, tourism and heritage, who will conduct a dialogue on these topics and their prospects for future development in the central region of Portugal.

The colloquium is held as part of a cross-border project “Kaminos – the Jacobin trails of the western peninsula” (POCTEP Interreg) and enjoy the support of the municipalities of Mealhada and Covilhã.

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The Portuguese way is becoming more and more popular

The Camino de Santiago is of great interest to visitors and the number of pilgrims arriving in Santiago de Compostela is increasing. According to the Pilgrims’ Office, the increase in the number of pilgrims along the Portuguese Way has been notorious, which has affected the local economy, namely the accommodation and catering sectors. Turismo Centro de Portugal aims to improve this cultural and religious route.

The cross-border project Caminos – Rede Transborderiça de Caminhos Jacobeus do Oeste Peninsular includes 10 Spanish partners and 3 Portuguese partners and has as its main mission the dissemination of the various routes of the Camino de Santiago, as well as the promotion of its natural and cultural values ​​and its potential tourist.

It also seeks to ensure closer contact between territorial agents in order to create synergies with all social and economic agents associated with the Way, improve equipment, signaling and ICT application on the routes in order to provide them with the necessary infrastructure, thereby increasing the cross-border cultural offer.

It also intends to create conditions for increasing the number of travelers and pilgrims on the various Jacobin routes in the west of the peninsula, promoting the economic development of both territories through tourism-related resources, increasing the competitiveness of the area, increasing employment in the tourism sector and improving the quality of cross-border tourism products and services. .

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The Portuguese still hasn’t scored in the playoffs of the World Cup



The Portuguese still hasn't scored in the playoffs of the World Cup

It was not enough to fight for the title in Portugal., Cristiano Ronaldo often subjected to pressure Lionel Messi at the 2022 World Cup. Guaranteed in the quarterfinals, the Argentine star is finally scored his first knockout goal at the World Cup, in a victory over Australia, in the 1/8 finals. The Portuguese remains empty in the decisive stages of the competition.

Also participating in his fifth and probably the last Cup in his winning career.In total, Ronaldo has scored eight goals in World Cups. All were noted at the group stages (one in Germany-2006, one in South Africa-2010, one in Brazil-2014, four in Russia-2018 and so far one in Qatar-2022).

At the age of 37, CR7 scored in an edition on Qatari soil only in his debut. He scored a penalty goal that paved the way for a long-suffering 3-2 victory over Ghana. Then, in matches against Uruguay and South Korea, he collected missed opportunities, got offside several times and, above all, became the object of even more contestation. from the critics.

Even against the Uruguayans, the No. 7 Portuguese finished the match believing he had scored the first goal in a 2-0 win. and backstage – who touched the ball with his head (or hair) on a cross by Bruno Fernandez, who at the time, and also after a FIFA reassessment, was confirmed as the author.

Is free ball marketbecause the contract was terminated by mutual agreement Manchester United, Ronaldo has only five finishes in the 2022 Cup so far: two correct and three incorrect. Today with nine goals at the world championships, Lionel Messimeanwhile, has 12 shots (eight correct and four incorrect) – only in the group stage.

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Even after several controversies in England, the veteran striker could not avoid controversy in the national team. The latter came in the defeat against South Korea, in the last round of group H. He could have been spared, like a large part of the team, but he was kept in the starting lineup, mainly because he wants, among other goals, score nine goals in World Cups and equal his historical compatriot Eusebio And now too Messi.

Despite such determination, CR7 proved to be the team’s worst player in a 2-0 loss. To make matters worse, when he was substituted 20 minutes into the second half, he left complaining about the bench: He said these words: “you s… hurry to get me out”🇧🇷 The flash did not find a response in the technical commission, to the point that coach Fernando Santos publicly says he “didn’t like anything” from what he saw.

Between criticism and controversial cases, Cristiano Ronaldo is unlikely to be taken out of the starting XI, especially in the decisive phase. Despite the problems, he remains a big attacking hope for Portugal, who will face Switzerland this Tuesday (6th) at the Lusail Stadium in the round of 16.

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