COLORADO NEWS

Another restaurant chain abruptly leaves Colorado

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

Closed...

Closed

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

Father's Day...

Jim Lawson

Father’s Day events and activities in the Denver area

We’ve combed our sources and came up with 8 things to do for Father’s Day in the Denver area that you may not know about. The Brown Palace Afternoon Tea […]

1 day ago

Drew Parker Performance Studio...

Sarah Baines

Drew Parker | KYGO Performance Studio

So far in his career, singer-songwriter Drew Parker is perhaps better known for the latter half of the designation, but is hot in his pursuit of making a name for […]

2 days ago

Photo by Oli Scarff/Getty Images...

Shawn Patrick

The Colorado Renaissance Festival is back starting this weekend

Experience a 16th Century Medieval Amusement Park with the Colorado Renaissance Festival back in Larkspur starting this weekend (June 15th). The village streets of the festival are full of artisans […]

3 days ago

Photo by George Wood/Getty Images...

Shawn Patrick

Denver’s Coors Field among the best when it comes to hot dog size

Get your mind out of the gutter, we are talking wiener size, but seriously, it’s just hot dogs…. Online sports betting company BetUS wanted to find out where to find […]

3 days ago

Kevin James...

Fizz

Kevin James on SNL, ‘The King of Queens’ and upcoming Denver shows with Tracy and Fizz

Tracy and Fizz chat with Kevin James about being rejected from SNL, his experience with “The King of Queens” and his upcoming stand-up comedy show in Denver. Jordan Davis, Birthday […]

3 days ago

Photo by Frazer Harrison/Getty Images for Stagecoach...

Shawn Patrick

Star of the show ‘Yellowstone’ is headlining Denver’s Red Rocks this month

Before there was a wildly popular show called “Yellowstone,” there was a country artist from New Mexico, and later Texas, riding bulls at the rodeo and then selling his music […]

3 days ago

Another restaurant chain abruptly leaves Colorado