Current:Home > reviewsTGI Fridays says it's closing 36 "underperforming" restaurants across U.S. Here's where they are. -InfinityFinance
TGI Fridays says it's closing 36 "underperforming" restaurants across U.S. Here's where they are.
View
Date:2025-04-12 13:22:21
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! (1)
Related
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- What to stream this week: Indiana Jones, ‘One Piece,’ ‘The Menu’ and tunes from NCT and Icona Pop
- Longtime voice of Nintendo's Mario character is calling it quits
- The towering legends of the Muffler Men
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- American Airlines fined $4.1 million for dozens of long tarmac delays that trapped passengers
- Love, war and loss: How one soldier in Ukraine hopes to be made whole again
- Derek Hough Marries Hayley Erbert in California Forest Wedding
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Biden and Harris will meet with King’s family on 60th anniversary of the March on Washington
Ranking
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Failed jailbreak for man accused of kidnapping, imprisoning woman, officials say
- Ten-hut Time Machine? West Point to open time capsule possibly left by cadets in the 1820s
- Remembering Bob Barker: Why this game show fan thought 'The Price is Right' host was aces
- The Grammy nominee you need to hear: Esperanza Spalding
- Forecasters: Tropical Storm Idalia forms in Gulf of Mexico
- Kentucky high school teens charged with terroristic threats after TikTok challenge
- How one Pennsylvania school bus driver fostered a decades-long bond with hundreds of students
Recommendation
What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
Oregon Republican senators sue to run for reelection, saying walkout rule shouldn’t stop them
Tropical Storm Idalia: Cars may stop working mid-evacuation due to fuel contamination
Longtime voice of Nintendo's Mario character is calling it quits
Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
Jacksonville killings refocus attention on the city’s racist past and the struggle to move on
Angels' Chase Silseth taken to hospital after being hit in head by teammate's errant throw
Bad Bunny Spotted Wearing K Necklace Amid Kendall Jenner Romance