![]() ![]() ![]() The company incurred "significant short-term debts" in order to keep operations afloat during two of its busiest months for sales, the release said. When COVID-19 hit in March 2020, the company experienced a sudden and precipitous decline in sales that lasted for six weeks with mandates to close numerous store locations in accordance with state and local government regulations," the company said in a news release. "Prior to COVID-19, Old Time Pottery was growing profitability at a near-record pace. Home decor retailer Old Time Pottery announced Monday morning that it has started Chapter 11 bankruptcy proceedings in order to restructure its finances.īased in Murfreesboro, the company said the move was due to the COVID-19 pandemic.
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