If You Thought These Restaurant Chains Are Still Around, You Thought Wrong

Published on 08/07/2019
ADVERTISEMENT

CVS

CVS closed 46 stores in 2019 and will close another 22 in 2020. The company will suffer a loss of $96 million after shutting the doors of these underperforming branches. This retail pharmacy is beloved by many, so it’s understandable that people are worried about the brand’s future.

CVS

ADVERTISEMENT

TGI Friday’s

In 1965, Alan Stillman opened the first TGI Fridays in New York City. At the time, he lived in a neighborhood with a lot of airline stewardesses, fashion models, and other young and single people on the East Side of Manhattan. He hoped opening a bar would help him meet women. Back then, Alan’s options for socializing were non-public cocktail parties or “guys’ beer-drinking hangout” bars that women didn’t typically visit. His goal was to recreate the comfortable cocktail party atmosphere in public even though he had no experience in the restaurant business.

TGI Friday's

TGI Friday’s

ADVERTISEMENT