Current:Home > InvestTGI Fridays says it's closing 36 "underperforming" restaurants across U.S. Here's where they are. -Apex Profit Path
TGI Fridays says it's closing 36 "underperforming" restaurants across U.S. Here's where they are.
View
Date:2025-04-26 09:26:40
Residents of cities in 12 states across the U.S. will have to celebrate the start of the weekend someplace other than TGI Fridays.
Casual restaurant chain TGI Fridays is closing 36 "underperforming" locations across the U.S. as part of a corporate growth strategy, the company said in a statement Wednesday.
The privately owned company will also sell eight corporate-owned restaurants to TGI Fridays' former CEO Ray Blanchette, who had served as chief executive until last year, the company said.
Some employees at affected restaurants will have the opportunity to move to roles at other locations. The chain said more than 1,000 workers, or more than 80% of employees working at restaurants that are closing, will be offered transfer opportunities.
Roughly 1,250 workers will be affected by the restaurant closures, which are concentrated in Massachusetts, New Jersey, New York, Texas and Virginia.
"Our top priority has always been delivering a superior experience for each and every TGI Fridays guest, and we've identified opportunities to optimize and streamline our operations to ensure we are best positioned to meet – and exceed – on that brand promise," Ray Risley, U.S. President and Chief Operating Officer at TGI Fridays said in a statement. "By strengthening our franchise model and closing underperforming stores, we are creating an unprecedented opportunity for Fridays to drive forward its vision for the future."
The sudden move follows a recent corporate shake-up at the casual bar and grill chain, including the appointment of Weldon Spangler to CEO following Blanchette's departure in May.
Below is a list provided by the company to CBS MoneyWatch detailing all the TGI Fridays locations where restaurants will close:
- Fresno, California
- Denver, Colorado
- Longmont, Colorado
- Newington, Connecticut
- Ormond Beach, Florida
- Royal Palm, Florida
- Bowie, Maryland
- Columbia, Maryland
- Berlin/Marlborough, Massachusetts
- Danvers, Massachusetts
- Dedham, Massachusetts
- Mansfield, Massachusetts
- North Attleboro, Massachusetts
- Seekonik, Massachusetts
- Amherst, New Hampshire
- Albany, New Jersey
- Eatontown, New Jersey
- Hackensack, New Jersey
- Iselin/Woodbridge, New Jersey
- Marlton/Evesham, New Jersey
- Princeton, New Jersey
- Springfield, New Jersey
- Wayne Town Center, New Jersey
- Bay Shore, New York
- Hauppauge, New York
- Massapequa, New York
- Woodbury Township, New York
- Willow Grove, Pennsylvania
- Corpus Christi, Texas
- Houston Almeda, Texas
- North Arlington, Texas
- The Woodlands, Texas
- Fredericksburg, Virginia
- Manassas, Virginia
- Springfield, Virginia
- Woodbridge/Potomac Mills, Virginia
Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News streaming to discuss her reporting.
veryGood! (3429)
Related
- Travis Hunter, the 2
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- 2 killed, 3 injured in shooting at makeshift club in Houston
- 2025 'Doomsday Clock': This is how close we are to self
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- All That You Wanted to Know About She’s All That
Ranking
- Military service academies see drop in reported sexual assaults after alarming surge
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
Recommendation
Highlights from Trump’s interview with Time magazine
SFO's new sensory room helps neurodivergent travelers fight flying jitters
Intellectuals vs. The Internet
Former Syrian official arrested in California who oversaw prison charged with torture
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
New data highlights 'achievement gap' for students in the US
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Arkansas State Police probe death of woman found after officer