Current:Home > reviewsTGI Fridays says it's closing 36 "underperforming" restaurants across U.S. Here's where they are. -FinanceMind
TGI Fridays says it's closing 36 "underperforming" restaurants across U.S. Here's where they are.
View
Date:2025-04-15 21:26:25
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! (327)
Related
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Federal inquiry into abuse within the Southern Baptist Convention ends with no charges
- Minority-owned business agency discriminated against white people, federal judge says
- LNG Exports from Mexico in Limbo While Pipeline Project Plows Ahead
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Jim Parsons and Mayim Bialik set to reunite in 'Young Sheldon' series finale
- Eric Church gives thousands of fans a literal piece of his Nashville bar
- Senate committee advances bill to create a new commission to review Kentucky’s energy needs
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Is a 100-point performance possible for an NBA player in today's high-scoring game?
Ranking
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- 'Hotel California' trial abruptly ends after prosecutors drop case over handwritten Eagles lyrics
- 4 are charged with concealing a corpse, evidence tampering in Long Island body parts case
- European regulators want to question Apple after it blocks Epic Games app store
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Inter Miami vs. Nashville in Champions Cup: How to watch, game predictions and more
- I Shop Fashion for a Living, and These Are the Hidden Gems From ASOS I Predict Will Sell out ASAP
- Caucus chaos makes Utah last state to report Super Tuesday results
Recommendation
Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
Here are the women chosen for Barbie's newest role model dolls
Will Messi play in the Paris Olympics? Talks are ongoing, but here’s why it’s unlikely
The Daily Money: A landmark discrimination case revisited
Travis Hunter, the 2
What is the State of the Union? A look at some of the history surrounding the annual event
Why Beauty Babes Everywhere Love Millie Bobby Brown's Florence by Mills Pimple Patches
Detroit woman accused of smuggling meth into Michigan prison, leading to inmate’s fatal overdose