TGI Fridays Abruptly Shutters Dozens Of Locations

Restaurant Business reports:

TGI Fridays has closed another large swath of restaurants across the country, continuing the casual-dining chain’s decline toward a potential bankruptcy filing.

According to TGI Fridays’ website, the chain now has 164 U.S. locations, 51 fewer than it had two weeks ago. Local media reports from New Jersey, New York, Ohio and California indicated that TGI Fridays had abruptly shut down in the area in recent days.

It was just the latest wave of closures for Dallas-based TGI Fridays this year. The chain closed 36 restaurants in January and another 12 or so in September and earlier this month, bringing the total tally of closures to around 100. It ended last year with 269 locations.

Read the full article. By “abruptly,” news outlets mean that employees were given no advance notice.