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JambaGo express smoothie units to open across 1,000 food courts in US

DBR Staff Writer Published 08 October 2013

Jamba, which owns and franchises Jamba Juice stores through its wholly-owned subsidiary Jamba Juice Company, is set to open JambaGo express smoothie units in around 1,000 food courts at a major retailer across the US.

With this move, the total number of JambaGo express smoothie units operating will be increased to over 1,800.

Jamba claims that its international markets will now grow to between seven and nine from the current four countries by the end of 2015.

The company is also nationally rolling out the ISIS mobile wallet which enables payment via phone.

Jamba's new loyalty program, partnering with SpendGo, is scheduled to follow in the first quarter of 2014.

Jamba chairman, president and CEO James White said that the company's analysis shows that a consumer spending slowdown reduced third quarter comparable store sales comparisons for company stores by 3% to 4%.

"Jamba's adjusted targets for 2013 and preliminary forecasts for 2014 represent a realistic and balanced approach to achieve sustained, long-term growth and also drive significant gains this year in operating margin, net income and other key metrics," added White.

The company plans to open 60 to 80 new domestic and international stores, and up to 1,000 new JambaGo installations in 2014.