Current:Home > MyTGI Fridays says it's closing 36 "underperforming" restaurants across U.S. Here's where they are. -Elevate Capital Network
TGI Fridays says it's closing 36 "underperforming" restaurants across U.S. Here's where they are.
View
Date:2025-04-13 21:08:07
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! (414)
Related
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- South Korean police raid house of suspect who stabbed opposition leader Lee in the neck
- Soccer stars Crystal Dunn and Tierna Davidson join NWSL champs Gotham FC: Really excited
- Australia launches inquiry into why Cabinet documents relating to Iraq war remain secret
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Gunman breaks into Colorado Supreme Court building; intrusion unrelated to Trump case, police say
- People in prison explain what music means to them — and how they access it
- What's open today? New Year's Day hours for restaurants, stores and fast-food places.
- Intellectuals vs. The Internet
- Michigan, Washington bring contrast of styles to College Football Playoff title game
Ranking
- Sonya Massey's father decries possible release of former deputy charged with her death
- Hawaii man dies after shark encounter while surfing off Maui's north shore
- What 2024's leap year status means
- Trump’s vows to deport millions are undercut by his White House record and one family’s story
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- 23-year-old woman killed after deer smashes through car windshield in Mississippi
- Halle Berry Ushers in the New Year With Risqué Pantsless Look
- Forest Whitaker’s Ex-Wife Keisha Nash Whitaker’s Cause of Death Revealed
Recommendation
This was the average Social Security benefit in 2004, and here's what it is now
Missing NC teen found concealed under Kentucky man's home through trap door hidden by rug: Police
State tax cutting trend faces headwinds from declining revenues and tighter budgets
People in prison explain what music means to them — and how they access it
Most popular books of the week: See what topped USA TODAY's bestselling books list
Live updates | Fighting rages in southern Gaza and fears grow the war may spread in the region
Shay Mitchell Looks Like Kris Jenner's Twin After Debuting New Pixie Cut
These jobs saw the biggest pay hikes across the U.S. in 2023