Senior leadership of Homeland announced plans this week to close four grocery stores, consolidate other locations and market some stores for potential sale in a move aimed at “stabilizing business” for the Oklahoma-based grocer.
“We know we had issues,” Frank Archer, CEO of HAC Inc., told The Oklahoman. “What caused them — some of it was financial pressure, some of it was decisions that should have been made long ago, but we consciously made the decision not to because we didn’t want to exit communities that are important to us. But now it’s just not sustainable to keep those doors open.”
HAC Inc., or Homeland Acquisition Corp., is the parent company of Homeland, CashSaver and United Supermarkets stores throughout Oklahoma, along with one Texas location…