corvallis gazette times - Page 131

Ray’s Food Place stores to close in North Albany, Philomath

163 views

Ray’s Food Place stores in North Albany and Philomath will close as a result of a Chapter 11 bankruptcy filing by parent company C&K Market Inc. of Brookings.
The Albany Ray’s, 621 N.W. Hickory St., and the Philomath store at 1740 Main St., are among 16 stores in Oregon and Northern California scheduled to be sold or closed.
According to company official Grant Lunde, C&K will attempt to sell the Albany and Philomath stores and plans to close both of them by the end of the year, but he gave no specific date.
The Ray’s in Philomath celebrated its grand opening on Aug. 8, 2012. It opened there in the site of the former Thriftway store, which has closured a few months before that. Thriftway had been there since the early 1980s and was on the site of the original Philomath High School, which burned down in 1956.
Citing legacy costs, an opportunity to sell or close underperforming stores and resolve debt issues, the Brookings-based C&K filed the voluntary petition Tuesday in U.S. Bankruptcy Court for the District of Oregon in Eugene.
All other C&K operations are expected to continue as normal throughout the bankruptcy process.
The C&K company’s board chairman, Doug Nidiffer, said in a statement that the approach was in the best interest of the communities it serves.
At the initial hearing in a few days, a number of motions will be filed, including one that will seek approval of a debtor in possession financing facility with U.S. Bank. C&K will continue to operate in the ordinary course of business during the bankruptcy, as it reorganizes.
The closure will also affect OSU Federal Credit Union, which operates a branch within the North Albany Ray’s. OSU Federal spokesman Mike Corwin said that the company is moving to provide a viable short-term solution for its customers.
“We plan to keep providing uninterrupted service to our members,” Corwin said. “We are speaking with North Albany Village management to see if other possible sites within the village are available.”
OSU Federal holds a lease with Ray’s through 2016. Corwin said that the credit union has purchased a parcel of land in North Albany Village, with plans to erect a building.
“Obviously we will step up those design and building plans considering the news about Ray’s,” Corwin said.
C&K anticipates that about 20 percent of its work force will be laid off as a result of closing stores and restructuring on the corporate side.
“The positive news is that we will put our energies into the remaining stores and intend to emerge from bankruptcy as a stronger, leaner company,” said Gregory L. Sandeno, company president.
On its website, C&K said that the closures are a result of increased competition from larger grocers and mega-stores and more people shopping in those stores, causing a decline in sales.
The company also said it would assist its employees at the affected stores in finding other jobs.
The North Albany Ray’s, which opened in 2006, employs 42 people.
Along with Ray’s stores, C&K Market operates Shop Mart, C&K Markets, and LoBuck$.
More information can be found at www.ckmarket.com.

Smart’s career night paces OSU over Memphis 101-80

125 views

Marcus Smart looked right at home in his return to the national stage.
Smart scored a career-high 39 points and No. 7 Oklahoma State raced past No. 11 Memphis for a 101-80 win on Tuesday night in a one-sided matchup of top teams.
Smart, who bypassed the NBA draft after last season's early exit from the NCAA tournament, had 26 points in the first half and finished with five 3-pointers.
The sophomore was 11 of 21 from the floor _ easily topping his previous career high of 28 points, which he set last season against Oklahoma.
Markel Brown added 20 points and Brian Williams 15 for Oklahoma State (4-0).
Nick King had 23 points for Memphis, and Shaq Goodwin finished with 13. The Tigers (1-1) shot 41.2 percent (28 of 68).
Memphis had played just once before the trip to Stillwater, a 95-69 home win over Austin Peay. And the Tigers appeared to be ill prepared for their first hostile road environment.
More specifically, they weren't prepared for Smart _ who added five steals, four rebounds, four assists and a pair of blocks in an outstanding all-around performance.
Surprisingly, Smart didn't even enter the game as the leading scorer for the Cowboys.
In fact, the sophomore was third on Oklahoma State _ behind sixth-man Phil Forte and Brown _ with an average of 13.7 points through the team's opening three blowout victories.
Smart, however, played up to the competition in the Cowboys' return to the national spotlight after last season's crushing loss against Oregon in the NCAA tournament.
In front of a host of NBA scouts and Oklahoma City Thunder star Kevin Durant, Smart scored 12 of the Cowboys' first 14 points. His last basket during the opening stretch was a dunk on the break that put Oklahoma State ahead 14-7.
The Tigers did their best to stay close, rallying to tie it at 16 after back-to-back baskets by King, but they had no answer for Smart in the first half.
With the Cowboys up 17-16, the 6-foot-4 guard went on a one-man scoring binge that worked the Gallagher-Iba Arena crowd into a frenzy.
Smart scored the next 12 points for Oklahoma State _ including three 3-pointers and a trio of free throws after he was fouled on a 3-point attempt _ to put the Cowboys up 29-20. In all, he scored 24 of Oklahoma State's first 29 points.
The Cowboys led 50-32 at halftime and stretched their lead to as many as 34 points in the second half _ comfortably answering their first challenge of the season and reminding the country why Smart was a consensus preseason All-American.
Smart's fifth 3-pointer lifted Oklahoma State to a 64-43 advantage, giving him a career-best 31 points.
It was far from his only highlight of the night.

Fire Calls (Nov. 18)

90 views

Corvallis Fire DepartmentSUNDAY, NOV. 17Medical call, 1:26 p.m., 400 block Southwest 26th StreetUnintentional alarm (investigate), 11:46 a.m., 333 N.W. 35th St.Medical call, 10:11 a.m., 300 block North Seventh Street, PhilomathMedical call, ...

1 129 130 131
0 $0.00