TGI Fridays, the popular American restaurant chain, has announced that it will be closing 36 of its underperforming locations across the United States. The closures are part of the company’s plan to focus on its core markets and improve its overall performance.
The closures will affect locations in 18 states, including California, Florida, Georgia, Illinois, Indiana, Maryland, Michigan, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Texas, Virginia, and Wisconsin. The company has not yet released a list of the specific locations that will be closing.
TGI Fridays has been struggling in recent years, as the restaurant industry has become increasingly competitive. The company has been trying to revamp its menu and focus on its core markets in order to remain competitive. The closures are part of this effort to improve the company’s performance.
The company has also announced that it will be investing in its remaining locations, with plans to remodel and update them. This will include new menu items, updated decor, and improved customer service.
TGI Fridays is not the only restaurant chain to be closing locations in recent years. Many other chains, such as Applebee’s, Chili’s, and Ruby Tuesday, have also closed locations in order to focus on their core markets and improve their overall performance.
It remains to be seen how the closures will affect TGI Fridays’ overall performance. However, the company is hopeful that the closures will help it to focus on its core markets and improve its overall performance.