Consumer Business Rewind: Jamba Juice Hits The SWEET SPOT, Target INVADES Canada
Comcast (NASDAQ:CMCSA) wants to divest its 15 percent investment stake in A&E Television Networks to Disney (NYSE:DIS) and Hearst, say reports. The success of A&E’s show Hatfields and McCoys might have to do with this: If the acquisition goes forward, the two companies would each own a 50 percent share of the networks group.
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Jamba Juice (NASDAQ:JMBA) shares gain another 10 percent Friday, as they continue a run of 22 percent over the last 30 days. The so far very hot summer has greatly helped sales, and Jamba has proved the idea that Starbucks’ debut in the juice business would end growth for others, to be a bit over the top.
Target (NYSE:TGT) will be permitted to sell books in Canada, plus other cultural items in its stores, following winning the okay of the Minister of Canadian Heritage. This year marks a strong retailer invasion of the country to the north, with Target and Wal-Mart (NYSE:WMT) leading the way.
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