Word: snackbar
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Dates: during 1970-1979
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Then there has been a dramatic decline in U.S. consumption. Faced with costs that drove even snackbar brew to 350 a cup and above, many Americans cut down on coffee. According to a 1977 survey by the National Coffee Association in three U.S. cities, consumption in the four months of March through June was 22% below last year's level. Result: roasters and wholesalers, who had stockpiled reserves in anticipation of even higher prices, have found themselves stuck with large inventories...
...food at the MFA snackbar is awful and overpriced...
Another headache for Ogden was ABC Consolidated, a food-service firm that sells sandwiches, soft drinks, popcorn and other snacks in thousands of moviehouses, factories and sports centers, including the cavernous Pittsburgh Civic Arena. It also operates two snackbar chains, Nedick's in New York City and Doggie Diners in San Francisco. ABC, which Ogden acquired in 1967, quickly overexpanded into full-service restaurants and in 1970 lost almost $5,000,000. "We eventually identified $40 million worth of business that was not worth having," says Ablon. Ogden sold off the losers and raised earnings by folding ABC into...
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