Although TGI Fridays has transitioned to pickup and delivery amid the coronavirus pandemic, dozens of stores across the United States may never open their doors to customers again
In a new interview with
, Chief Executive Officer Ray Blanchette said that up to 20 percent of the restaurant chain’s 386 stores in the country could remain permanently closed.You'll get the latest updates on this topic in your browser notifications. Sales at TGI Fridays dropped by about 80 percent almost as soon as the health crisis took hold of the country, and revenue is still down by around 50 percent, according to Blanchette.
“Right now it’s all triage and it’s all about cash,” he said. “How are you going to make it through and keep the company solvent?” For now, the company is also trying out a new service in New Hampshire, which will allow diners to eat outside, underneath a white tent, while remaining at a safe social distance from fellow guests.
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