TGI Fridays says it’s closing 36 “underperforming” restaurants across the US

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By journalsofus.com


Residents of cities in 12 states across the US will have to celebrate the start of the weekend at a place other than TGI Fridays.

casual restaurant chain tgi friday’s The company 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 held company also will sell eight corporate-owned restaurants to former TGI Fridays CEO Ray Blanchett, who served as chief executive until last year, the company said.

Some employees at the affected restaurants will have the opportunity to move to roles at other locations. The chain said more than 1,000 employees, or more than 80% of the employees working at the closing restaurants, will be offered transfer opportunities.


Target to close 9 stores in major cities

The restaurant closings will affect approximately 1,250 employees, concentrated in Massachusetts, New Jersey, New York, Texas and Virginia.

“Our top priority has always been to deliver a superior experience for every TGI Fridays guest, and we have identified opportunities to optimize and streamline our operations to ensure we continue to deliver on that brand promise and We are best positioned to surpass that,” Ray Risley, TGI Fridays U.S. president and chief operating officer, said in a statement. “By strengthening our franchise model and closing underperforming stores, we are creating an unprecedented opportunity for Fridays to advance our vision for the future.”

The sudden move follows recent corporate changes at the casual bar and grill chain, including the appointment of Weldon Spangler as CEO following Blanchett’s departure in May.

Below is a list of all TGI Fridays locations where the restaurants will be closed:

  • Fresno, California
  • Denver, Colorado
  • Longmont, Colorado
  • Newington, Connecticut
  • Ormond Beach, Florida
  • Royal Palm, Florida
  • Bowie, Maryland
  • Columbia, Maryland
  • Berlin/Marlborough, Massachusetts
  • Denver, Massachusetts
  • Dedham, Massachusetts
  • Mansfield, Massachusetts
  • North Attleboro, Massachusetts
  • Seekonk, 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 Alameda, Texas
  • North Arlington, Texas
  • The Woodlands, Texas
  • Fredericksburg, Virginia
  • Manassas, Virginia
  • Springfield, Virginia
  • Woodbridge/Potomac Mills, Virginia

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