Monthly Archives: October 2014

Pope Francis declares evolution and Big Bang theory are right and God isn’t ‘a magician with a magic wand

The theories of evolution and the Big Bang are real and God is not “a magician with a magic wand,” Pope Francis has declared.

Speaking at the Pontifical Academy of Sciences, the pope made comments which experts said put an end to the “pseudo theories” of creationism and intelligent design that some argue were encouraged by his predecessor, Benedict XVI.

Francis explained that both scientific theories were not incompatible with the existence of a creator — arguing instead that they “require it”.

“When we read about Creation in Genesis, we run the risk of imagining God was a magician, with a magic wand able to do everything. But that is not so,” Francis said.

Leave a comment

Posted by on October 29, 2014 in Uncategorized


Meet Five Below, America’s Fastest-Growing Teen Retailer

As incomes stagnate or fall for the majority of Americans, a store where everything costs $5 or less is booming. Its promise? “A store that every kid in America could afford.”

Five Below likes a dramatic entrance. When the chain broke ground in Houston this June, it threw open eight stores in a single day, advertising 5-cent hot dogs and giving away multiple $100 shopping sprees and free T-shirts — a tradition of its opening days.
And there have been plenty of openings. CEO and co-founder Tom Vellios has been taking his colorful stores to dozens of new communities each year, offering a simple pitch: Everything costs less than $5. From iPhone covers to candy and indoor play sand, it’s all targeted to teens and tweens, and sales are booming.
The chain pulled in $535 million in sales last year, up from just $89.5 million five years earlier, and will end 2014 with 366 stores, compared with just 82 in 2008. It’s the fastest-growing teen retailer or value retailer in the U.S. by store count and revenue, according to eMarketer data, and there are no plans to slow down. Five Below envisions reaching more than 2,000 stores in the next 20 years, an estimate Credit Suisse analysts deemed “conservative,” hoping for as many as 3,000 instead. To get a sense of that number, Toys “R” Us has roughly 870 stores in the U.S.; Target has about 1,800.

Leave a comment

Posted by on October 25, 2014 in Uncategorized


4 Reasons Chipotle Is Destroying Fast Food

Chipotle’s sales rose an impressive 9.3% in 2013.

Chipotle reports earnings today after markets close.

The burrito chain continues to report strong traffic trends and open new stores, according to research firm Trefis.

Shares are up by nearly 50% in the past year, and Chipotle is increasingly taking market share from fast food chains like McDonald’s.

In recent years, fast food restaurant growth in the US has slowed down or stalled — largely because of competition from fast-casual chains led by Chipotle, writes Leslie Patton at Bloomberg News.

The burrito chain posted a 9.3% sales gain in 2013. Meanwhile, former parent company McDonald’s saw sales fall by 1.4%.

Here are a few reasons Chipotle is killing traditional fast food.

1. Diners who eat healthier don’t go to burger chains. McDonald’s CEO Don Thompson acknowledged that only a small percentage of customers buy salads, while Burger King killed the lower-calorie Satisfries it introduced in late 2013. Fast-food chains continue to be plagued with a perception their food is heavily processed and full of additives. Meanwhile, Chipotle touts grilled meats and vegetables without antibiotics or GMOs.

Leave a comment

Posted by on October 24, 2014 in Uncategorized


Chipotle CEO Describes A Seismic Shift In American Consumers

Chipotle is the most successful company in the food industry right now.

The burrito chain’s same store sales soared by nearly 20% last quarter. Executives announced plans to keep expanding around the globe.

Chipotle is also taking market share from traditional fast food companies like McDonald’s, which just reported that sales declined 3.3% in the US.

Founder and Co-CEO Steve Ells says consumers turning away from fast food companies enabled Chipotle’s success.

“Over the last decade there has been a noticeable shift among consumers away from traditional fast food and casual dining chains, to fast casual restaurants as customers are looking for better quality food, served in a convenient format,” Ells said.

Chipotle is known as a fast-casual restaurant, meaning that it doesn’t offer full table service, but promises higher-quality food than fast food chains.

Leave a comment

Posted by on October 23, 2014 in Uncategorized


McDonald’s Franchisees Say The Company Is Bankrupting Them

McDonald’s franchisees are furious that the company’s aggressive promotions and costly restaurant upgrades are squeezing their profits, according to a new survey.

“Growth for McDonald’s is over,” one franchisee wrote in response to the survey by financial services firm Janney Capital Markets.

“I am just hoping to be flat,” another franchisee said. “[The] customer has lost faith in the brand.”

“We are leaderless,” said a third. A fourth franchisee complained, “They are being successful in bankrupting us.”

For the survey, Janney Capital Markets interviewed 32 domestic franchisees representing 256 stores. McDonald’s has more than 14,000 locations in the US.

The franchisees surveyed said their same-store sales fell by 3.6% in September.

McDonald’s global same-store sales declined 3.7% in August, marking the worst monthly drop in more than a decade. The company, which reports third quarter earnings on Tuesday, has recorded negative same-store sales in the U.S. for the last two consecutive quarters.

Leave a comment

Posted by on October 22, 2014 in Uncategorized

%d bloggers like this: