Restaurants that cater to lower- and middle-income families have been struggling against a steep decline in foot traffic in recent years as many of their core customers forgo sit-down dining in favor of eating at home,

This restructuring will allow our go-forward restaurants to proceed with an optimized corporate infrastructure that enables them to reach their full potential.” According to the statement, the bankruptcy filing affects the 39 restaurants the parent company owns and not franchisees that own other locations nationwide and internationally.

Restaurant chain TGI Fridays said Saturday it has filed for bankruptcy protection as it looks for ways to "ensure the long-term viability" of the casual dining brand.