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Home/Banking News/A Massive Restaurant Chain is Now Closing in Georgia
Market News Today - A Massive Restaurant Chain is Now Closing in Georgia

A Massive Restaurant Chain is Now Closing in Georgia

By Frank Nez
June 27, 2024
2

A massive restaurant chain is now closing in Georgia after the company abruptly shuttered more than 40 locations nationwide.

Five Hooters locations across the Georgia closed over the weekend.

The Atlanta, Brunswick, Hiram, McDonough, and Macon restaurants have already been removed from Hooter’s website.

This is especially shocking since Hooters is based in Atlanta.

Former employee Alicia Williams posted a video on Facebook showing the staff gathered on Sunday for a final meeting where they were all notified of the closure.

“And just like that, we are all unemployed,” she captioned the post.

She also shared a photo of a letter from the corporate office that was passed out explaining the closure.

“Please trust that we did everything we could to avoid closing this location, and the decision was not made lightly,” the letter reads.

“We deeply regret that we were not able to give you notice.”

In the comments, someone asked if she knew about the closure beforehand, to which she replied, “Not at all.”

Luckily for fans, there are 16 other Hooters locations in the state:

  • Downtown Atlanta
  • Augusta
  • Cartersville
  • Columbus
  • Conyers
  • Cumberland
  • Douglasville
  • Gwinnett
  • Kennesaw
  • Lawrenceville
  • Mall of Georgia
  • Newnan
  • Roswell
  • Savannah
  • Tara Blvd
  • Valdosta

A similar situation unfolded at the Wichita Falls, Texas, Hooters.

Employees told local news outlet KFDX that staff was notified of the closure that morning when they arrived to work.

“I think it’s a bit ridiculous to not even give us a week,” a bartender told local CBS affiliate KAUZ.

“It was definitely a shock, because I don’t know what to do anymore because we relied on the money.”

There are over 300 Hooters locations worldwide, but the number of stores has dropped 12% overall since 2018, according to restaurant consulting firm Technomic.

The company said it would close several underperforming stores amid pressure from current market conditions.

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Also Read: An Unexpected Retailer Is Now Closing All Stores in Illinois

Other Economy News Today

Market News Today - A Massive Restaurant Chain is Now Closing in Georgia.
Market News Today – A Massive Restaurant Chain is Now Closing in Georgia.

An unexpected restaurant now abruptly closes 7 locations in one state after revealing plans to shutter a total of 36.

TGI Fridays is closing a total of seven restaurants in one state as part of the company’s ongoing growth strategy.

This comes after the chain abruptly closed 36 locations across 12 states in at the beginning of the year, per The-Sun.

The restaurant chain will pull the plug on seven locations across the state of New Jersey in the coming weeks.

Today, Fridays will welcome in famished diners at its location in Brick for the final time.

“As we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy, we see a bright future for TGI Fridays,” said Weldon Spangler, CEO of TGI Fridays earlier this week.

“We are at the helm of a pivotal moment that will allow us to explore boundless advancement, expansion, and innovation to keep delivering ‘That Fridays Feeling’ that our fans know and love.”

Before the closures, TGI Fridays had about 270 US locations, according to the company’s website.

“As part of the store closures, TGI Fridays is offering more than 1,000 transfer opportunities, which represents over 80% of total impacted employees,” the company previously said in a statement.

“Our top priority has always been delivering a superior experience for each and every TGI Fridays guest, and we’ve identified opportunities to optimize and streamline our operations to ensure we are best positioned to meet – and exceed – on that brand promise,” said Ray Risley, US president and chief operating officer, in the release.

Eight other locations were sold to former CEO Ray Blanchette, a longtime stakeholder who will acquire the previously corporate-owned restaurants.

The sale comes as major changes have been made to the brand’s leadership, including the news of Weldon Spangler being made CEO.

“As we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy, we see a bright future for TGI Fridays,” said Spangler in a statement.

Also Read: Retirees Will Now Receive More Money For Social Security

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Market News Today - A Massive Restaurant Chain is Now Closing in Georgia.
Market News Today – A Massive Restaurant Chain is Now Closing in Georgia.

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Frank Nez

Frank Nez is an American entrepreneur, journalist, writer, and investor. Frank's work has been cited by SEC and Congressional reports. Franknez.com is a personal finance and market news publication, dedicated to publishing content on money, investing, entrepreneurship, and retail investor news.

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2 Comments
  1. Frank Nez says:
    June 27, 2024 at 6:20 pm

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  2. Frank Nez says:
    June 27, 2024 at 6:19 pm

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