COLORADO NEWS

Another restaurant chain abruptly leaves Colorado

Jan 7, 2024, 2:45 PM | Updated: 4:10 pm

Just days ago, TGI Friday’s abruptly closed 36 stores across the country, including their two Colorado locations. Employees were shocked to learn that the Friday’s locations in Denver and Longmont would be shuttered with other locations that Friday’s officials said were underperforming.

Before the closures, TGI Fridays had approximately 270 locations in the United States. However, this number has decreased in recent years. The company has stated that around 80% of the employees affected by the closures were given the option to transfer to other positions within the company.

Ray Risley, the president and chief operating officer of TGI Fridays in the US, emphasized that their main focus has always been providing an exceptional experience for their guests. In order to fulfill this commitment, they have identified opportunities to improve and streamline their operations. This will ensure that they are in the best possible position to meet and surpass the expectations associated with the TGI Fridays brand.

TGI Fridays, being privately owned by TriArtisan Capital Advisors, a private equity firm, does not publicly disclose its financial results. Nonetheless, the company announced that in the previous year, they projected total sales to reach $1.6 billion in 2022, with a growth of 8% in same-store US sales compared to 2019.

In order to stay competitive with rivals like Applebee’s and Chili’s, TGI Fridays has made recent changes to its menu. These changes include the addition of sushi, a revamp of their cocktail menu, and a makeover of their selection of appetizers.

Colorado News

Photo by Richard Rodriguez/Getty Images...

Shawn Patrick

LOOK – The Colorado Avalanche have unveiled a new logo on baseball caps

The Colorado Avalanche have basically used the same logo since they joined the NHL, and don’t worry, that’s not going anywhere, but they may be working a new one into […]

17 hours ago

Photo by Doug Pensinger/Getty Images...

Shawn Patrick

PETA wants the next Colorado Buffaloes mascot to be… Animatronic

News came out this week that the University of Colorado’s live buffalo mascot, Ralphie VI, no longer wanted to run, so it was being retired. The new buffalo isn’t ready, […]

17 hours ago

Photo by Adam Berry/Getty Images...

Shawn Patrick

Get 100% free dental care, with no insurance around Denver on September 1st

One of my favorite things about Labor Day in Denver is the love that a local dentist shows our community. Risas Dental and Braces is once again giving back in […]

18 hours ago

Zach Top...

Shawn Patrick

Did you know Zach Top lived in Colorado for six years?

There’s no one hotter in country music right now than Zach Top, and he proved that today by releasing a new album, “Not In It For My Health,” which people […]

18 hours ago

Photo by Dan Kitwood/Getty Images...

Shawn Patrick

Free corn offered to the public in Colorado after truck spills

I always wondered what they did with food from trucks after it spills on the highway. and after finding out, I’ve never hoped a Reese’s Peanut Butter Cup truck would […]

2 days ago

Aspen/Glenwood MLS...

Shawn Patrick

LOOK – Colorado home listed for $300 million, would be the most expensive ever sold in the U.S.

We all know that homes are crazy expensive in Colorado mountain towns like Vail and Aspen, but one that’s for sale right now is the most expensive… Literally. Two California billionaires could […]

2 days ago

Another restaurant chain abruptly leaves Colorado