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TGI Fridays said it shuttered 36 “underperforming locations” as part of a larger “long-term growth strategy” to revitalize the brand.
TGI Friday's quietly closed dozens of restaurant locations last week as the chain reportedly prepares to file for bankruptcy protection.. The company's store locater currently lists 164 locations ...
Nearly 50 locations of TGI Fridays abruptly closed within the past week, an ominous sign for the chain as a reported bankruptcy looms. According to TGI Fridays’ store locator, the chain has 164 ...
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.
TGI Fridays closed over 30 restaurants in 2020 In 2020, the restaurant chain announced the closure of 34 restaurants across the country, citing a decline in sales in 2019.
TGI Fridays has closed 50 locations this year, according to Restaurant Business, and this month alone, restaurants in Charlotte, North Carolina; Charleston, South Carolina; ...
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.
TGI Fridays released a list of closed restaurants to CNN, which encompasses 12 states. New Jersey has the most locations closed with seven, followed by six in Massachusetts and five in New York ...