Fast-casual restaurant chain TGI Fridays Inc. has closed about 50 of its U.S. locations in the past week as the nation`s dining industry grapples with inflation and customers trimming their spending.The Dallas-based chain`s number of eateries has diminished on its website`s restaurant locator from 213 about a week ago to 163 locations as of Tuesday. Fridays had 270 U.S. locations at the beginning of 2024 when the company announced plans to close 36 "underperforming" locations and sell eight of its corporate-owned restaurants to former CEO Ray Blanchette as it streamlined operations...
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TGI Fridays files for Chapter 11 bankruptcy
RSK: Good prime locations which may help them get out of Bankruptcy. I think you are going to see more and more fast casual chains going down this route. The pandemic and inflation along with employee shortages has taken a disastrous tole.
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- - Volume: 24 - WEEK: 45 Date: 11/5/2024 10:51:16 AM -