TGI Friday's softly closed dozens of edifice locations past week arsenic nan concatenation reportedly prepares to record for bankruptcy protection.
The company's store locater presently lists 164 locations successful nan U.S., down from nan 213 that were unfastened past week, CNN first reported.
The abrupt closures travel aft nan value-restaurant concatenation antecedently closed 36 "underperforming" restaurants crossed 12 U.S. states successful January. TGI Friday's astatine nan clip said nan move was portion of its "ongoing maturation strategy."
TFI Friday's did not instantly respond to CBS MoneyWatch's petition for remark connected past week's edifice closures.
The institution has not released a database of nan locations that person closed, however, section reports precocious shed immoderate ray connected wherever restaurants affected by nan latest activity of closures are located.
TGI Friday's locations successful Bridgewater and Watchung, some successful Central Jersey abruptly closed, according to mycentraljersey.com. Another location successful Middletown Township successful Pennsylvania besides closed, according to a section news report. Additional section reports bespeak that restaurants crossed California, New York and Ohio are besides affected.
The Dallas-based casual-dining pioneer has struggled to execute connected a maturation scheme arsenic customers connected tighter budgets grounds a penchant for lower-priced meals. They've even scoffed astatine faster-food prices astatine manufacture stalwarts for illustration McDonald's, which they opportunity are excessively high.
Megan Cerullo
Megan Cerullo is simply a New York-based newsman for CBS MoneyWatch covering mini business, workplace, wellness care, user spending and individual finance topics. She regularly appears connected CBS News 24/7 to talk her reporting.