Current:Home > ScamsTGI Fridays says it's closing 36 "underperforming" restaurants across U.S. Here's where they are. -FundCenter
TGI Fridays says it's closing 36 "underperforming" restaurants across U.S. Here's where they are.
View
Date:2025-04-16 03:20:15
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! (885)
Related
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- College football Week 12 grades: Auburn shells out big-time bucks to get its butt kicked
- Dissent over US policy in the Israel-Hamas war stirs unusual public protests from federal employees
- Calling all elves: Operation Santa seeking helpers to open hearts, adopt North Pole letters
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- How Patrick Mahomes Really Feels About Travis Kelce and Taylor Swift's Romance
- Test flight for SpaceX's massive Starship rocket reaches space, explodes again
- Amid the Israel-Hamas war, religious leaders in the U.S. reflect on the power of unity
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Got fall allergies? Here's everything you need to know about Benadryl.
Ranking
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- School district and The Satanic Temple reach agreement in lawsuit over After School Satan Club
- Fulcrum Bioenergy, Aiming to Produce ‘Net-Zero’ Jet Fuel From Plastic Waste, Hits Heavy Turbulence
- Los Angeles freeway is fully reopened after arson fire, just in time for Monday morning’s rush hour
- Intel's stock did something it hasn't done since 2022
- 5 common family challenges around the holidays and how to navigate them, according to therapists
- Rookie Ludvig Aberg makes history with win at RSM Classic, last PGA Tour event of season
- Mother of teen killed during a traffic stop in France leads a protest against officer’s release
Recommendation
Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
North Carolina field hockey, under 23-year-old coach Erin Matson, wins historic NCAA title
Trump receives endorsement from Texas Gov. Greg Abbott at border as both Republicans outline hardline immigration agenda
'Rustin' fact check: Did J. Edgar Hoover spread rumors about him and Martin Luther King?
Rylee Arnold Shares a Long
2024 NFL draft first-round order: Carolina Panthers continue to do Chicago Bears a favor
Reports say Russell Brand interviewed by British police over claims of sexual offenses
Jordan Travis' injury sinks Florida State's season, creates College Football Playoff chaos