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.
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Other Economy News Today
Another massive retailer is now closing due to crime despite its location being a community staple for several years.
Rampant theft has led Walgreens to permanently close one of its major locations at the White Oak Shopping Center in Maryland, reports The-Sun.
Staff and shoppers told ABC affiliate WJLA-TV that the store was closed due to high rates of theft and crime.
Mobile security cameras were recently added by police in the parking lot around stores in the shopping center.
A source also told WJLA-TV that the shopping center’s management company had to fire their security company and hire a new one.
Just last year, there was an armed robbery inside Walgreens, resulting in a man and a woman taking an unknown amount of money and products.
Robberies have become a major problem in the area as stores get ransacked by violent thieves.
A resident told the outlet she was too scared to leave her car in the shopping center’s parking lot.
She says she saw another woman get assaulted and robbed.
“You can simply be walking and they take your purse and start running and they leave you with nothing,” said Sarah Rodriguez.
“That’s why when I’m here before I get out of my car I always look around first.”
Walgreens corporate execs announced earlier this year that about 150 stores will be closed throughout the US.
This would reduce the company’s corporate staff by about 10%, resulting in over 500 positions being eliminated.
News of a replacement for the store in the White Oak Shopping Center hasn’t been announced.
However, the center has been struggling to replace the Sears location that has sat vacant for over three years.
“Yeah, it’s not good, because everyone is complaining,” said resident Kokou Eafbo.
“This is the only pharmacy we have in this area and suddenly they close, we don’t understand.”
The shopping center had once been a thriving area full of shops in Montgomery County, reports The US Sun.
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