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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.
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 isn't alone either — other restaurant chains that have recently filed for bankruptcy include Red Lobster, Ruby Tuesday's, and Sbarro. Though many are hoping for a rebound with ...
TGI Fridays is closing 36 "underperforming" locations across the U.S. as part of a broader restructuring. The fast-casual eatery said in a release late Wednesday that it is offering at least 1,000 ...
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 ...
TGI Fridays released a list of closed restaurants to CNN, which encompasses 12 states. ... the company said last year that total sales were projected to reach $1.6 billion in 2022 with same-store ...
TGI Fridays abruptly closed 36 “underperforming” locations across the country, located in "select markets across the U.S." See the list of restaurant closures.