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The first TGI Fridays location opened in Manhattan, New York, in 1965. In January, TGI Fridays closed 36 "underperforming" locations in 12 states, including in Massachusetts and New Jersey.
Some fans of TGI Fridays were likely surprised this week when they found their local restaurant permanently closed because the chain abruptly shut down dozens of locations around the US.
TGI Friday's at the time said the move was part of its "ongoing growth strategy." TFI Friday's did not immediately respond to CBS MoneyWatch's request for comment on last week's restaurant closures.
Do you remember any other TGI Fridays locations on the Treasure Coast?
At the start of 2024, TGI Fridays had over 270 locations nationwide. After the most recent string of closures in states like New Jersey, Connecticut, Ohio, Texas and New York, only 163 stores ...
The chain peaked in 2008, having 601 restaurants in the US generating $2 billion in revenue. By 2023, sales had fallen to $728 million. [7]In October 2009, Haymarket broke the world record for biggest profit made in any week, throughout TGI Fridays' history, and it has been home to several past winners from the bartenders Olympics, a contest started by Scoggin.