Albertson’s considering sale of company

The Associated Press BOISE, Idaho — Albertson’s Inc. said Friday it was considering putting itself up for sale as well as other alternatives as the nation’s second-largest supermarket chain contends with sales that have lagged many of its rivals. Its shares surged 11 percent. The company — which operates about 2,500 stores including Albertson’s, Acme, […]

Tax holiday helps large retailers

By Helen Rodriguez: Freedom Newsapers Many large retail stores in the Clovis-Portales area reported doubling their back-to-school sales during the state’s first tax-free holiday. Meanwhile, mostly smaller stores reported little to no impact. “This is the first year that we got to actually participate in the tax-free weekend in the Portales store so we had […]

Reaction mixed on effect of state’s first tax-free holiday

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Johnny Pacheco and his wife Kristen Pacheco, both of Portales, walk through the North Plains Mall as the two shop Saturday in Clovis. (Staff photo: Eric Kluth) By Marlena Hartz: CNJ staff writer Wearing the company’s trademark black-and-white striped shirt and surrounded by name brand athletic gear, Foot Locker manager Ken Walker outlined his own […]

Anti-meth bill advances in Senate

Staff and wire reports WASHINGTON — Sales of cold medicines used to make methamphetamine would be restricted under a bill that cleared the Senate Judiciary Committee Thursday after lawmakers forged a compromise protecting state prerogatives. The legislation would require stores to sell Sudafed, Nyquil and other medicines containing pseudoephedrine only from behind the pharmacy counter. […]

New food tax law causes confusion for some retailers

By Ryn Gargulinski: CNJ staff writer To some, the new tax law that exempts certain food items is simply confusing. For others, the Jan. 1 legislation — prepared food and hot food still carry sales tax while staple items and cold food are exempt — has been a nightmare. “The biggest problem is the retailers’ […]

Gas prices fuel change

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Vehicles fill the busy intersection Monday afternoon at Prince and 21st streets. Record high gas prices are changing the way some people look at purchasing vehicles. (CNJ staff photo: John Eisel) By Ryn Gargulinski: CNJ staff writer Local auto dealers are feeling the effect of record-high gas prices. But the news is not all bad. […]

City tax numbers reflect growth

By David Irvin: CNJ staff writer Spurred by residential and commercial construction and heavy holiday retail sales, Clovis’ gross receipts taxes for February skied to an all-time high. The city received $1.45 million in receipt taxes from the state in February, eclipsing the previous high of $1.34 million returned in July of 2004, according to […]

Restitution to be paid for bad investment

Tom Philpott: CNJ columnist An estimated 13,000 military investors who bought and later terminated a “Systematic Investment Plan” marketed by First Command Financial Planning Inc. of Fort Worth, Texas, are due restitution payments in the coming weeks that likely will average a little over $300. Letters of explanation are being mailed to a list of […]

Holiday spending surprises retailers

By David Irvin: CNJ staff writer Positive thinking and confidence in the Clovis economy may have contributed to a strong holiday season for local retailers. Local store owners and managers have seen a healthy bump in sales this month, and some are saying the perception of a strong Clovis economy may be part of the […]

Shoppers hit stores for post-Christmas bargains

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by Eric Kluth, CNJ staff writer Some were exchanging presents. Others were looking for post-Christmas bargains. Leslie Cargile of Farwell was just looking to get out of the house. Cargile was one of hundreds of shoppers who visited the North Plains Mall on Sunday to check on post-holiday sales. “I had to work this morning, […]