Jamba Juice was founded in Texas by Kirk Perron in 1990. The CEO was an active cyclist who was also a health conscience person. The specialty of Jamba Juice are their smoothies and juices. They offer other healthy food options such as acai bowls (energy bowls), oatmeal, sandwiches, wraps and more. The whole vision of the company was to sell healthy foods to the health enthusiasts and people who run an active lifestyle. Jamba Juice has grown significantly throughout the years, and continue to expand and open more stores. Jamba Juice is also traded on the NASDAW with the ticker symbol of JMBA. As of January 2017, there are about 909 Jamba Juice locations globally (most are in the United States).
Based on the 10-K Annual filings, Jamba Juice
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Jamba Juice biggest threat is its competition. Starbucks acquired Evolution Fresh, which is a juice company. Jamba Juice should keep an eye on that company as Starbucks is a big company that is dominant in its segment. According to IBISworld, Smoothie King, which is one of Jamba Juice’s biggest competitor is removing artificial preservatives, and genetically modified fruits and vegetables off their market. This should be a strategy for Jamba Juice as well since the industry as a whole is sensitive to consumer eating habits and preferences. Jamba Juice should monitor the technology trends that is going on in their industry. If they notice another competitor launching a new application with a lot of useful features, that can easily shift the market share against Jamba Juice’s favor. In addition, as Jamba Juice continues to open more locations, partnering with another food distribution company can help them. Currently, they have Gordon Food Services (GFS) and System Services of America (SSA) as their main distributors. If they continue to expand, distribution may become more difficult. Lastly, Jamba Juice should continue to find the best quality fruits and vegetables for the lowest price
Boost Juice was founded by Australian born, Janine Allis. The product advocates healthy living. This is now an extremely successful franchise business and the fastest growing juice bar chain of stores and products in Australia. The product Boost juice started off as an yoghurt product and after patenting the product, the juice was born.
There are many retail giants that have had an active presence on the market for sometime. A few that come to mind are JCPenny, Macy’s and Nordstorm’s. However, one major retail chain that has spread across the country was started right here in the state of Arkansas. Dillard’s first department store was opened in 1938 in Nashville, Arkansas by its founder William Dillard. Since its inauguration, Dillard’s has turned into one of the more prominent retailers in the United States. With an ever growing market base and clientele, Dillard’s has seen successful since the early 1950s. This success, however, leaves people with a few questions about the Arkansas native retail giant. What does Dillard’s current market look like? How does Dillard’s compare
Since there are many stores, like McDonald’s and Starbucks that are also providing all kinds of healthy smoothies with a price that is similar to Jamba Juice’s, buyers actually will not face high switching costs. Therefore, low switching costs enhance the bargaining power of buyers.
First, the strengths are that the overall design, “the creation of the smoothie and juice names, and distribution, was done with multiple stores as the goal.” (Pg. 2) This business model differentiates them from the competition because instead of offering the same flavors, juice names, design, and distribution to all of the locations it is determined by a section of stores rather than the entire market. This tactic allows their business model to be targeted for a specific demographic depending on the external environment.
Jamba Juice Company is a restaurant retailer headquartered in Emeryville, California with over seven hundred and fifty locations, and operating in twenty-six states; plus the Bahamas, Canada, Philippines, and South Korea (Jamba Juice). There are approximately three hundred and seven company-owned locations and four hundred and forty-three franchise-operated stores, in addition to over nineteen international locations (Jamba Juice). Jamba Juice was conceived and founded in April 1990, an exact year before I was born, by Kirk Perron an avid cyclist and healthy lifestyle advocate, who opened his first store in San Luis Obispo, California (Jamba
Foods such as cheese included in the product will have to be chosen offering longer shelf lives;
atties Foods is a true Australian success story. Since opening our doors in 1966, we’ve grown from a small cake shop in regional Victoria into one of the country’s biggest bakeries. Today, Patties Foods proudly employs around 570 people and produces over 300 different sweet and savoury products. Each year our products are proudly sold through grocery and convenience stores as well as foodservice distributors who supply cafes, stadiums, caterers, schools, restaurants, hotels, clubs and even overseas markets.
The juice bar concept was pretty new in Australia, and the way boost furnish this concept is also very new in the retailing industry. Boost is not about only appreciable taste and healthy juice or smoothie but this brand is all about overall experience for the customers when each time customers comes in their store and we are talking about experience includes tasty products, best service and lively employees who are there only for their customers and always smile when you enter the store, call you by your first name with their polite tone. (Grocer, May 3, 2008, Vol.231(7853), p.42)
In the following analysis, we will first identify the key issues that Sunshine needs to tackle. We will then evaluate the current market conditions of the manufactured juice industry, Sunshine, and its competitors. To find a suitable market match for Sunshine, we will look into the behavior and characteristics of orange juice consumers. Afterwards, we
In the summer of 1998, Nantucket Nectar created a subsidiary of their brand called Juice Guys. This new product was comprised of fresh juice and fruit smoothie drinks that were taking over the West Coast. Within three-and-a-half months, Juice Guys had sold a total of 175,000 items ranging from smoothies, yogurts, sorbets, Nantucket Nectar drinks and fresh squeezed juices. Juice Guys’ revenue went up to 91% and they made a profit of $227,000 in sales.
Nantucket Nectars' numerous strengths have led to their success. They produce all natural products that have a great taste, have a very strong management team as well as a strong branding, guerilla marketing skills, possess the ability to exploit small, rapidly changing market opportunities, last good access to single-serve distribution in the New Age beverage market, and is the best vehicle for juice companies to expand into the juice cocktail category without risking their own brand equity. In addition, Nantucket Nectars' management team has the required knowledge and experience with the single-serve business and thus has the ability to add value to large player who wants to roll out new single-serve products.
End users are those individuals walking in the company stores, ordering a smoothie and a cookie, paying the cashier and then telling her friend how wonderful the ambiance is. This buyer segment does not purchase large amounts of product at one time and likely chooses Jamba because of the quality of the ingredients. With no switching costs and a growing industry offering many options, patrons of smoothie cafés can freely purchase their delightful cool beverage anywhere. According to the U.S. Census Bureau the number of stores within the “snack and nonalcoholic beverage bars” industry grew from 36,036 in 2002 to 49,463 in 2007 [ (U.S. Census Bureau) ]. This trend means that Jamba Juice will have to increase customer loyalty to battle the increased competition.
Jones Soda Company was founded by Canadian ski instructor Peter van Stolk. The soft drink company was not being sold alongside other larger reputed brands such as Coca Cola or Pepsi. The soft drinks were sold in skateboard shops and tattoo parlors to consumers who were looking for a drink that matched their lifestyle. Its unique style was evident by its use of bottles that resembled classic beer bottles and by pricing higher than for regular soft drinks.
Jamba Juice is a smoothie retailer in the United States in the restaurant industry. Jamba Juice offers 100% fruit smoothie and juice with healthy snacks. This paper will explain the strategic issues faced by Jamba Juice, and the strategy used to be successful. Jamba Juice has maintained financial discipline, cost management, and improvements that are the reason sales are increasing. Jamba Juice strives to follow their mission and vision statement, and markets aggressively. Over the next five years, the market for smoothies is expected to increase by 10-15%. (Brixler, Brian) Consumers are seeking healthier food and beverage options for a meal. Smoothies offer a healthy option instead of drinking soda.
Peet 's Coffee and Tea is a well-known and loved coffee shop with three stores here in Colorado. Although the prices and work space isn 't the best they offer great, quick drinks served by friendly employees. The store is a place for a comforting, warm place to sit. Peet 's Coffee was started by Alfred Peet in 1966 and his coffee was unlike any other coffee shop. He brewed in small amounts, always had fresh beans, a great quality, and a dark roast. This all produced a coffee that was rich and complex, and still is today.