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About a week ago, news outlets reported the chain was considering bankruptcy. It has since shuttered 50 restaurants, including one in Reynoldsburg.
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 sudden closures come after the value-restaurant chain previously closed 36 "underperforming" restaurants across 12 U.S. states in January. TGI Friday's at the time said the move was part of ...
TGI Fridays had 270 locations nationwide at the start of the year, according to CNN. In January, it closed 36 “underperforming” locations throughout the U.S. in order to “focus on ...
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 ...
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.
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 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 ...