Current:Home > ContactTGI Fridays says it's closing 36 "underperforming" restaurants across U.S. Here's where they are. -InvestTomorrow
TGI Fridays says it's closing 36 "underperforming" restaurants across U.S. Here's where they are.
View
Date:2025-04-11 15:07:46
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! (21)
Related
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- The job market continues to expand at a healthy clip as U.S. heads into Labor Day
- Could ‘One Health’ be the Optimal Approach for Human, Animal and Environmental Health?
- Customers pan new Walmart shopping cart on social media after limited rollout
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- In final hours before landfall, Hurricane Idalia stopped intensifying and turned from Tallahassee
- 'Only Murders' post removed from Selena Gomez's Instagram amid strikes: Reports
- 6-month-old pup finds home with a Connecticut fire department after being rescued from hot car
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Customers pan new Walmart shopping cart on social media after limited rollout
Ranking
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Delta Air Lines says it has protected its planes against interference from 5G wireless signals
- Los Angeles Rams WR Cooper Kupp has setback in hamstring injury recovery
- As U.S. COVID hospitalizations rise, some places are bringing mask mandates back
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- The job market continues to expand at a healthy clip as U.S. heads into Labor Day
- Whatever happened to the case of 66 child deaths linked to cough syrup from India?
- Hawaii cultural figures lead statewide 'healing' vigil following deadly wildfires
Recommendation
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
Mississippi candidate for attorney general says the state isn’t doing enough to protect workers
Pope makes first visit to Mongolia as Vatican relations with Russia and China are again strained
Nebraska volleyball filled a football stadium. These Big Ten programs should try it next
Dick Vitale announces he is cancer free: 'Santa Claus came early'
Trader Joe's issues latest recall for black bean tamales sold in select states
'This is not right': Young teacher killed by falling utility pole leads to calls for reform
Spanish soccer star Aitana Bonmatí dedicates award to Jenni Hermoso; Sarina Wiegman speaks out