Category Archives: Money

Chipotle on the Downfall?

Perhaps the most popular food chain among college students is Chipotle. I’m pretty sure that not a day goes by that I don’t hear the Mexican grill food chain mentioned at least once. Somebody is always talking about how they’re going to go get their burrito bowl after class or about how the guacamole costs way too much extra. However, a new study is showing that Chipotle’s popularity numbers have been going down among teenagers over the past several months.
The study comes from Piper Jaffray’s 2016 “Taking Stock with Teens Survey,” which says that out of the 6,500 teenagers who were surveyed, the majority said that they still liked Chipotle but that they don’t eat there quite as often as they used to. The main reason for this decrease in popularity comes from Chipotle’s health scare that happened earlier this year.
With the E coli breakout that occurred in early 2016, Chipotle took to strategic measures to make sure that customers still kept coming back. When restaurants across the country closed early one day for employee meetings on food safety, the company offered couples through a text deal where customers could receive a coupon for a free burrito on their next visit.
While numbers are still down, this tactic was able to bring some customers in. I myself took part in the deal. From the moment I walked in until the time I got my burrito, I waited almost an hour. Granted, I did go the first day that the coupons were valid. However, it was easy to tell that the company had definitely thought this tactic through. College students were the first to jump at the chance to get their Chipotle burritos for free. I think it will be interesting to see if the chain finds another way to raise customer numbers.

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Vans Shoes Sales Rocket from $330 Million to $2.3 Billion in Ten Years

Vans Shoes is a hugely popular brand of shoes and has been for most of their entire 49 year history. Popularity and brand recognition, however, is not always an indicator or financial success or even high sales numbers. Between 1993 and 2003 it struggled to turn a profit, and by the end of that time, it was losing $30 million a year. Sales had dropped to around $330 million. Some of this slump can be attributed to their brand extension going awry. They dabbled in everything from documentary film-making to skate parks, none of which really helped the company sell more shoes. The company only started to make a change under new ownership.

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Coors Family’s Ceramics Company, CoorsTek, Makes Them More Money than Their Beer Business

CoorsTek is making the Coors family more money than its famous beer business. This Coors owned private company is the biggest engineered-ceramics manufacturer in the world with $1.25 billion in sales and an estimated cash flow margin of 27 percent. Many large American manufacturers buy CoorsTek parts including General Electric, IBM, General Dynamics, Ford, and Halliburton. The reason for this is simple. Plastics get old and break, and metals heat up easily and rust. Engineered ceramics are more expensive but are worth the price because they almost never wear out, and depending on how they are cooked, they can be almost as hard as diamond. CoorsTek has taken advantage of this superior durability and is reaping the benefits from selling a huge variety of different products to many manufacturers.

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YouTube Red, an Ad-Free Subscription Service with Google Play Music, is Seeing Success

Google launched YouTube Red several months ago, on October 28th. It’s a new subscription based service with many perks that they believe are make the viewing experience better. The service costs $9.99 per month for access to these perks including original content on-demand, as well as access to Google Play. A Tech Crunch article adds that “… paying $9.99 for either YouTube Red or Google Play will get you the other service too, so subscriptions go both ways.”

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North Carolina Man Arrested For Not Returning A 14 Year Old VHS.

James Meyers Jr. from North Carolina says he was arrested for not returning a video cassette tape he rented 14 years ago.

A single dad from Concord, said he was driving his 10-year-old daughter to school on Tuesday around 7:30 a.m. when a police car pulled him over for a broken brake light. Meyers gave the police officers his driver’s license and was shocked when they said there was a warrant out for his arrest for not returning a VHS rental, “Freddy Got Fingered,” from 2002.

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California Approves $15 Minimum Wage

California has become the first state in the nation to approve a $15 minimum wage. Both the State Assembly and State Senate passed the measure on Thursday afternoon. Governor Jerry Brown said he would sign it on Monday.

The measure will raise the state’s minimum wage to $10.50 in January and to $11 in January 2018. It will then increase by an additional $1 per hour every year until it reaches $15 in 2022. If, however, the state goes through an economic downturn or budget crisis, the governor may choose to slow the implementation.

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Meet the Meat Machine

We are definitely in the age of technology. It’s the 21st century, and no longer are vending machines used just to buy your favorite bottled or canned beverage. You can rent movies from a vending machine. There are even places where you can buy cupcakes from special vending machines. One business in France has taken this vending style of marketing to the next level with vending machines that sell sausages and steaks.
Florence and Michel Pouzol are the owners of “L’ami Txulette” in the capital city of France. They spent about $45,000 to set up this vending machine project, by which they sell customers vacuum-packed meat every day of the week. Their shop is closed two days of the week, Sunday being one of them. By implementing this new 24/7 project, they are able to still cater to customers on the weekends.
Florence said that the greater population of the area is young. This method of selling meat is an easy way for customers to stop in and buy what they would like after a late night out on the town. Even more, those customers who get off after the shop closes are still able to buy the meats that they wish to buy.
However, there are still customers who are more laid back in their approach to buying meat. Some people are not ready to buy their dinner from a vending machine. This machine is the first of its kind in France and is still in the early stages.

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F-35 Lightning II to Begin Touring Air Shows Across the United States

The United States Air Force has announced they are going to begin allowing the F-35 Lightning II Joint Strike Fighter to attend and perform at many air shows across the country in the coming years. This fighter is the newest and most advanced in the fleet and is going to be all over the country performing for fans. The F-35 follows the F-22 Raptor which was much more costly but also widely popular among civilians and has appeared at many airshows. The Air Force has assembled a team known as the F-35 Heritage Flight Team. This team will be a combination of F-35s and some 20th century fighters to honor the past, present and future. Some of those fighters include the P-51 Mustang, F-86 Sabre, and the grandfather of the F-35, the P-38 Lightning which flew during WWII.

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The Growing Demand for Craft Beer is Attracting the Attention of Large Beer Corporations

Craft beer is in demand. There’s no doubt about that. In the last few years more and more craft breweries have come into prominence and their beers have been showing up everywhere from grocery stores to restaurants. Craft beer continues to outperform the overall U.S. beer market, where it makes up 11% of volume. Because of this obvious interest, large beer corporations want in on the action. This makes sense, of course, because as demand for craft beer goes up, interest in mainstream brews takes a fall.

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New Jersey Transit Strike Could Become A Nightmare.

Tens of thousands of New Jersey residents who commute to work in New York City would not be able to get to their jobs if NJ Transit workers go on strike in 10 days, the system’s leadership warned.

About 105,000 people commute into New York via trains, either on NJ Transit or in combination with PATH, which is operated by the Port Authority of New York and New Jersey. Dennis Martin, NJ Transit interim executive director, said the contingency plans will accommodate a maximum of about 40,000 people.

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