Why Is Old Time Pottery Closing
Old Time Pottery is closing its store in Bonita Springs due to the loss of its lease at Center of Bonita Springs.
The closure was not due to underperformance or a decision made by Old Time Pottery.
The store will have an everything-must-go sale until its final day, tentatively scheduled for May 9.
Brixmor Property Group, the owner of the retail center, will divide the space for multiple tenants.
The Center of Bonita Springs’ site plan already lists Old Time Pottery’s 70,012-square-foot space as available to lease.
Old Time Pottery opened its Bonita store in 2014 in a former Kmart space.
NCH Healthcare System leased the neighboring space but does not plan to expand into Old Time Pottery’s space.
Did You Know?
1. Old Time Pottery was originally founded in 1986 in Murfreesboro, Tennessee, as a small family-owned and operated business.
2. Despite its name, Old Time Pottery is more than just a pottery store. It offers a variety of home decor, furniture, kitchenware, and seasonal items at affordable prices.
3. The decision to close Old Time Pottery stores can often be attributed to factors such as changing market trends, increased competition from online retailers, or a decline in foot traffic to brick-and-mortar stores.
4. Old Time Pottery’s distinctive logo featuring a rooster was inspired by the founder’s childhood memories of waking up to the sound of roosters on their family farm.
5. In an effort to reduce waste and promote sustainability, Old Time Pottery has implemented several eco-friendly practices, such as using energy-efficient lighting in their stores and offering reusable shopping bags to customers.
Closure Not Due To Underperformance Or Decision By Old Time Pottery
Old Time Pottery, a popular retailer known for its vast selection of home décor items and furniture, recently announced the closure of its store in Bonita Springs. However, this decision was not due to underperformance or a strategic choice made by Old Time Pottery itself. Instead, the closure was a result of the loss of its lease at the Center of Bonita Springs, a prominent retail center in the area.
Despite the closure, it is crucial to understand that Old Time Pottery has been a successful business with a strong presence in the market. The company has a long-standing reputation for providing a wide range of products at affordable prices, attracting customers from various backgrounds. Therefore, the closure of the Bonita Springs store should not be taken as a reflection of the company’s overall performance or its ability to satisfy consumer demand.
- Old Time Pottery announced the closure of its store in Bonita Springs due to lease loss at the Center of Bonita Springs.
- The closure is not a result of underperformance or a strategic choice by Old Time Pottery itself.
- Despite the closure, Old Time Pottery has a strong presence in the market and is known for its wide range of affordable products.
- The closure should not be seen as a reflection of the company’s overall performance or its ability to satisfy consumer demand.
“The closure of the Bonita Springs store should not be taken as a reflection of the company’s overall performance or its ability to satisfy consumer demand.”
Everything-Must-Go Sale Until May 9
In light of its imminent closure, Old Time Pottery has announced that it will be holding an “everything-must-go” sale until its final day of operation, tentatively scheduled for May 9. This presents a unique opportunity for bargain hunters to take advantage of significant discounts on a wide range of merchandise. From furniture to home décor items, customers can expect substantial savings during this clearance sale.
With an extensive inventory to liquidate, Old Time Pottery looks forward to providing its loyal customers with an opportunity to purchase high-quality products at incredibly discounted prices. However, it is worth noting that availability may be limited, and popular items might sell out quickly. Therefore, it is advisable for interested customers to visit the Bonita Springs store as soon as possible to make the most of this final sale.
Fort Myers Store To Remain Open
Although it is unfortunate that the Bonita Springs store is closing, it is important to note that Old Time Pottery’s store in Fort Myers will remain open. This means that customers in the area can still access the company’s wide range of products and benefit from their exceptional value.
The decision to keep the Fort Myers store operational indicates that the closure in Bonita Springs does not reflect any broader challenges faced by the company. Instead, it is a specific response to the loss of the lease at the Center of Bonita Springs. Old Time Pottery is committed to serving its customers in the region and will ensure that the Fort Myers store continues to meet their needs.
Brixmor Property Group To Divide Bonita Springs Space
Following the closure of Old Time Pottery, Brixmor Property Group, owner of the Center of Bonita Springs, has taken steps to make the most out of the vacant 70,012-square-foot space. The plan is to divide the space into multiple units, which will be made available to new tenants. This decision has been made with the aim of maximizing the potential of this prime location and attracting a diverse range of businesses that will complement the existing retail environment.
The availability of such a large and strategically located space presents an exciting opportunity for businesses that are looking to establish or expand their presence in Bonita Springs. What’s more, the site plan of the Center of Bonita Springs already lists Old Time Pottery’s former space as available for lease. This demonstrates Brixmor Property Group’s proactive approach in welcoming new tenants to the center.
- Expanding business opportunities in Bonita Springs
- Maximizing potential by dividing the vacant space
- Diverse range of businesses to complement the retail environment
- Old Time Pottery’s former space available for lease at the Center of Bonita Springs.
“The strategic decision to divide the vacant space reflects Brixmor Property Group’s commitment to attracting new tenants and enhancing the retail experience at the Center of Bonita Springs.”
Old Time Pottery’s Bankruptcy And Impact Of Covid-19
It is important to consider Old Time Pottery’s recent history, specifically its Chapter 11 bankruptcy filing in June 2020, as it provides important context to the closure of the Bonita Springs store. The company, like many others in the retail industry, faced significant challenges due to the global impact of the COVID-19 pandemic. The resulting decline in sales and government regulations necessitated the closure of some Old Time Pottery stores.
Since the filing for bankruptcy, Old Time Pottery has been navigating through a challenging period. While the company has sought to restructure and streamline its operations, decisions regarding store closures have been made to ensure the overall viability and long-term success of the business. The closure of the Bonita Springs store is one of the outcomes of the company’s ongoing efforts to adapt to the evolving retail landscape.
“The closure of Old Time Pottery’s store in Bonita Springs is a result of the loss of its lease at the Center of Bonita Springs and is not indicative of underperformance or a decision made by the company itself.”
Customers have the opportunity to take advantage of significant discounts during the everything-must-go sale until May 9. The Fort Myers store will remain open, ensuring continuity of service in the region. The vacant space in Bonita Springs presents a promising opportunity for new tenants, thanks to Brixmor Property Group’s plans to divide and lease the space.
- Old Time Pottery’s bankruptcy filing in 2020, coupled with the impact of the COVID-19 pandemic, has undoubtedly influenced the company’s decision to close some stores in alignment with its restructuring efforts.
- Nevertheless, Old Time Pottery remains committed to providing exceptional value to its customers and adapting to the challenges and opportunities of the ever-changing retail landscape.
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Frequently Asked Questions
Who bought out Old Time Pottery?
In a surprising turn of events, Gabe’s announced their acquisition of Old Time Pottery in April 2023. As a well-established home store chain with a presence in 11 states and 38 stores, Old Time Pottery caught the attention of Gabe’s, prompting them to make this strategic move. With their vast network of stores and commitment to offering affordable and quality products, Gabe’s aims to seamlessly integrate Old Time Pottery into its portfolio, ensuring a continued positive shopping experience for customers across the country.
Where are the Old Time Pottery closing locations?
As part of their Chapter 11 effort, Old Time Pottery has announced the closure of several locations. Unfortunately, the affected areas include Fayetteville, North Carolina; North Charleston, South Carolina; Rockford, Illinois; and Orlando, Florida. The decision to shut down these stores aims to streamline operations and ensure the company’s long-term stability. While it is undoubtedly disappointing news for the communities, Old Time Pottery remains committed to providing quality service and products in their remaining locations.
How long has Old Time Pottery been in business?
Old Time Pottery has been in business for over three decades, as it was established in 1986. Originating from a small store in Murfreesboro, Tennessee, the company has steadily expanded its reach to encompass the Southeast and Midwest regions. Boasting an impressive size that ranges upwards of 2 acres, each of the 43 Old Time Pottery stores is a treasure trove of stylish home decor and great bargains, bringing delight to countless households since its inception.
Who are the executives of Old Time Pottery?
Old Time Pottery is led by a group of talented executives who drive the company’s success. Kate Thomas serves as the Chief of Staff to the Chief Executive Officer, ensuring effective communication and coordination among various departments. With her strategic expertise, Thomas plays a pivotal role in aligning the company’s operations with its overall goals. As the Chief Financial Officer, Peter Delahunt oversees the financial aspects of Old Time Pottery, ensuring sound fiscal management and guiding the company’s economic decisions. Lastly, Larry Witte, as the Chief Information Officer, spearheads the organization’s technological advancements, leveraging innovative solutions to enhance operational efficiency and customer experience. Together, this executive team fosters growth and innovation, positioning Old Time Pottery for continued success in the industry.
