Current:Home > StocksTGI Fridays says it's closing 36 "underperforming" restaurants across U.S. Here's where they are. -Bright Future Finance
TGI Fridays says it's closing 36 "underperforming" restaurants across U.S. Here's where they are.
View
Date:2025-04-15 17:18:01
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! (7)
Related
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- See How Travis Kelce's Mom Is Tackling Questions About His and Taylor Swift's Relationship Status
- DJ Moore might be 'pissed' after huge night, but Chicago Bears couldn't be much happier
- Biden administration hasn't changed policy on border walls, Mayorkas says
- Senate begins final push to expand Social Security benefits for millions of people
- Georgia’s governor continues rollback of state gas and diesel taxes for another month
- Type 2 diabetes is preventable. So why are more people getting it? : 5 Things podcast
- Goshdarnit, 'The Golden Bachelor' is actually really good
- Travis Hunter, the 2
- Retired Australian top judge and lawyers rebut opponents of Indigenous Voice
Ranking
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Nobel Peace Prizes awarded to Iranian women 20 years apart trace tensions with the West
- Satellite images show Russia moved military ships after Ukrainian attacks
- Tropical Storm Philippe drenches Bermuda en route to Atlantic Canada and New England
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Connecticut woman arrested, suspected of firing gunshots inside a police station
- New Mexico AG charges police officer in fatal shooting of Black man at gas station
- Appeals panel won’t revive lawsuit against Tennessee ban on giving out mail voting form
Recommendation
Nevada attorney general revives 2020 fake electors case
A Texas killer says a prison fire damaged injection drugs. He wants a judge to stop his execution
How to watch Austin City Limits Music Festival this weekend: Foo Fighters, Alanis Morissette, more
Prosecutor won’t seek charges against troopers in killing of ‘Cop City’ activist near Atlanta
Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
Migrants pass quickly through once impenetrable Darien jungle as governments scramble for answers
AP Week in Pictures: Latin America and Caribbean
Marching bands have been struggling with extreme heat. Here's how they're adjusting