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Business
TGI Fridays Closing These 'Underperforming' Northeast Restaurants TGI Fridays Closing These 'Underperforming' Northeast Restaurants
TGI Fridays Closing These 'Underperforming' Northeast Restaurants TGI Fridays is closing nearly 30 "underperforming" locations across the northeast and will sell eight restaurants to the chain's former CEO, the chain said in a news release. The 27 closures include restaurants in Connecticut, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, and Virginia. In total, 36 TGI Fridays locations are shutting down nationwide. The company says about 1,000 employees, which represent more than 80% of those impacted, will be offered transfer opportunities. "As we continue along our path of transformation to revitalize the Fridays brand and …

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by Chris Spiker
Business
More Than 60 Rite Aid Stores Now Scheduled For Closure More Than 60 Rite Aid Stores Now Scheduled For Closure
More Than 60 Rite Aid Stores Now Scheduled For Closure Rite Aid has announced plans to close 63 of its stores. The closures began in November, and associates impacted by the closures are being offered opportunities to transfer to other stores, the company said in a report about its fiscal third-quarter results on Tuesday, Dec. 21. “Today, we also announced the first phase of a store closure program to reduce costs, drive improved profitability and ensure that we have a healthy foundation to grow from, with the right stores in the right locations, for the communities we serve and for our business," said Heyward Donigan, the president and ch…

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by Nicole Valinote