TGI Fridays Abruptly Closes 36 U.S. Locations

It’s a rough start to the new year for fans of loaded potato skins. According to a Wednesday press release, TGI Fridays plans to shutter 36 underperforming locations in select markets across the U.S. The locations scheduled to shut down are spread across 12 states, including Colorado, Connecticut, Massachusetts, New Jersey, New York, Texas, and Virginia.

The restaurant chain included this news in a larger announcement, which also revealed plans to sell eight of its previously corporate-owned restaurants in the Northeast to the company’s former CEO Ray Blanchette. These changes follow recent efforts to enhance the brand’s leadership team, another step TGI Fridays claims is part of an overall plan to optimize operations and drive long-term growth.

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