Another Famous Restaurant is Now Closing in Texas

Another famous restaurant is now closing in Texas after serving its community for 54 years, with owners confirming the news on social media.

Jim’s Restaurants, a Texas breakfast and burger chain, announced its latest closure online.

The closing location is in San Antonio on San Pedro Avenue and West Hildebrand.

The company said it would close a 54 year old location on Facebook, according to local ABC affiliate KSAT.

“Due to the challenges posed by our current economy and rising operational costs at this location, we find ourselves at a critical juncture,” the restaurant said.

“After much deliberation, we have made the difficult decision to cease operations of Jim’s Restaurant at San Pedro and Hildebrand.

This decision is not taken lightly, but it is necessary for us to enhance our company’s ability to serve our patrons and the communities who’ve made us their own throughout the city.”

The last day to get burgers or pie from the location is June 25.

It’s not the first location that Jim’s has shut in recent months.

KSAT reported that another Jim’s in San Antonio, located on Broadway, shut earlier in the year.

Now there are just 14 spots left, per The-Sun.

Luckily for locals, most are in San Antonio.

The company runs 11 locations in the city, with 3 open in Austin.

A Facebook post about the closure received over a dozen “sad face” reactions.

Some were sorry to see the spot go.

“Thank you for all the years you served the community,” one commented.

Others were less torn up about the departure.

“Jim’s is mostly for older folks and their clientele is dying off,” another said of the half-century-old chain.

Older chains sometimes struggle to turn a profit as tastes and consumer behavior change through the years.

Cracker Barrel has been undergoing upgrades to modernize its old-timey restaurant atmosphere.

The company’s CEO has admitted the company has “lost some of its shine.”

Now, it’s rolling out decor changes.

The transformation is set to cost $700 million.

Several Cracker Barrel locations have closed.

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

Other Economy News Today

Market News Today - Another Famous Restaurant is Now Closing in Texas.
Market News Today – Another Famous Restaurant is Now Closing in Texas.

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 - Another Famous Restaurant is Now Closing in Texas.
Market News Today – Another Famous Restaurant is Now Closing in Texas.

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