Current:Home > NewsTGI Fridays says it's closing 36 "underperforming" restaurants across U.S. Here's where they are. -VisionFunds
TGI Fridays says it's closing 36 "underperforming" restaurants across U.S. Here's where they are.
Poinbank Exchange View
Date:2025-04-06 13:44:08
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! (4)
Related
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Scientists find new moons around Neptune and Uranus
- Beyoncé and the Houston Rodeo: What to know about the event and the singer's ties to it
- Most-Shopped Celeb-Recommended Items This Month: Olivia Culpo, Kyle Richards, Zayn Malik, and More
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Michigan man gets minimum 30 years in prison in starvation death of his disabled brother
- Husband of BP worker pleads guilty in insider trading case after listening to wife's work calls, feds say
- Cam Newton involved in fight at Georgia youth football camp
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Google suspends AI image feature from making pictures of people after inaccurate photos
Ranking
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Buffalo Wild Wings to give away free wings after Super Bowl overtime: How to get yours
- Eagles’ Don Henley takes the stand at ‘Hotel California’ lyrics trial
- Jason Kelce’s Wife Kylie Kelce Shares Adorable New Photo of Daughter Bennett in Birthday Tribute
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- Fort Wayne Mayor Tom Henry says he has late-stage stomach cancer
- New York Democrats reject bipartisan congressional map, will draw their own
- California utility will pay $80M to settle claims its equipment sparked devastating 2017 wildfire
Recommendation
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
How The Underground Railroad Got Its Name
Alec Baldwin to stand trial this summer on a charge stemming from deadly ‘Rust’ movie set shooting
New York Democrats reject bipartisan congressional map, will draw their own
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
Air Force member in critical condition after setting himself on fire outside Israeli embassy in Washington
New York City honors victims of 1993 World Trade Center bombing
Gérard Depardieu faces new complaint amid more than a dozen sexual assault allegations