Credit crunch hits Old Time Pottery
Posted on August 25, 2009 at 7:26 am
The Murfreesboro-based retailer of bargain home decorations has been unable to extend its main line of credit and has filed to restructure under Chapter 11 of the bankruptcy code. Old Time execs are focused on bouncing back quickly.
“We have achieved significant improvements in our operation in 2009 resulting in significant savings. We are evaluating the most prudent course of action to assist us in meeting our operational and financial objectives in the future, including the replacement of our line of credit.”
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Fifth Third Processing nabs contracts with two area businesses
Posted on February 11, 2009 at 11:23 amFrom a press release:
Fifth Third Processing Solutions is pleased to announce that O’Charley’s Inc. and Old Time Pottery have signed contracts for merchant processing services:
– O’Charley’s Inc., headquartered in Nashville, Tennessee, is a multi-concept restaurant company that operates or franchises a total of 371 restaurants in 28 states under three brands: O’Charley’s, Ninety Nine Restaurant, and Stoney River Legendary Steaks. The Organization has signed with Fifth Third for credit card processing.
– Old Time Pottery opened its first low-cost warehouse style home decor store in 1986 in Murfreesboro, Tennessee. The Company now has 38 stores throughout the Southeast and Midwest and has signed with Fifth Third for debit, credit and gift card processing.
“We are pleased to welcome these two new national clients,” said Donald Boeding, president of Merchant Services for Fifth Third Processing Solutions. “These new partnerships underline Fifth Third’s commitment to investing in the people, technology and systems necessary to effectively support the payment processing needs for a wide variety of businesses including traditional retailers and restaurants such as these.”
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