| Old Time Pottery out of bankruptcy Murfreesboro-based Old Time Pottery emerged from Chapter 11 bankruptcy last week, the company announced. The home decor retailer filed for bankruptcy protection last August after losing a line of credit from SunTrust Bank, which followed declining sales in 2008 and 2009. The company closed seven stores as part of its reorganization. It now has 30 stores in the South and Midwest. Chief Financial Officer Robert Sharp said in June that the chain expected to be able to fully pay its vendors. The company was represented by Tom Forrester of Gullett, Sanford, Robinson & Martin PLLC. feeds.bizjournals.com |
August sales down for Bon-Ton Hot weather and a reduction in clearance inventory caused a drop in August sales for The Bon-Ton Stores Inc., the parent of Boston Store said in a news release Thursday. (BONT) feeds.bizjournals.com |
Hungry Population Falls but Remains Large, U.N. Says The number of undernourished people in the world dropped this year for the first time in 15 years, but remains higher than before the 2008 food crisis, according to United Nations officials. nytimes.com |
Fresh & Easy closing 6 Valley stores U.K.-based Tesco is planning the temporary closure of 13 Fresh & Easy stores in Arizona, Nevada and California, including six in metro Phoenix. feeds.bizjournals.com |
Ikea goes green with solar panels on stores Popular home furnishings retailer Ikea is beefing up its green initiatives with plans to install solar energy panels on eight stores. feeds.bizjournals.com |