Current:Home > ScamsTGI Fridays says it's closing 36 "underperforming" restaurants across U.S. Here's where they are. -WealthMindset Learning
TGI Fridays says it's closing 36 "underperforming" restaurants across U.S. Here's where they are.
View
Date:2025-04-27 14:26:01
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! (666)
Related
- Jury finds man guilty of sending 17-year-old son to rob and kill rapper PnB Rock
- U.K.'s King Charles III to visit Australia and Samoa on first royal tour abroad since cancer diagnosis
- A wind turbine is damaged off Nantucket Island. Searchers are combing beaches for debris
- 75-year-old man missing for 4 days found alive by K-9 in Maine bog
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Dance Moms' Christi Lukasiak Arrested for DUI
- Prime Day 2024 Deal: Save 30% on Laneige Products Used by Sydney Sweeney, Alix Earle, Hannah Brown & More
- Young Thug trial judge removed over allegations of 'improper' meeting
- Tony Hawk drops in on Paris skateboarding and pushes for more styles of sport in LA 2028
- Tesla's Cybertruck outsells Ford's F-150 Lightning in second quarter
Ranking
- Oklahoma parole board recommends governor spare the life of man on death row
- That time ‘Twister’ star Bill Paxton picked me up at the airport in a truck
- Man charged with murdering 2 roommates after body parts found in suitcases on iconic U.K. bridge
- Clean Energy Projects Are Stuck in a Years-Long Queue. Maryland and Neighboring States Are Pushing for a Fix
- Tom Holland's New Venture Revealed
- Why Ingrid Andress' National Anthem Performance Is Sparking Debate
- Joe Bryant, Kobe Bryant's Dad, Dies From Stroke 4 Years After Son's Fatal Plane Crash
- Trump picks Sen. JD Vance as VP running mate for 2024 election
Recommendation
Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
Scientists have confirmed a cave on the moon that could be used to shelter future explorers
Amazon's Prime Day Deals on Amazon Devices: Fire Sticks for $24, Fire Tablets for $74 & More
Gareth Southgate resigns as England manager after Euro 2024 final loss
The Best Stocking Stuffers Under $25
Police announce Copa America arrest totals after fans stampede, breach security
Real Salt Lake's Cristian 'Chicho' Arango suspended four games
Ingrid Andress' national anthem before MLB Home Run Derby leaves impression