Dive Brief:
- Homeland Stores will close four stores in Oklahoma over the next 45 days, the grocer announced in a Facebook post on Thursday.
- The grocer is also consolidating stores in three markets in Oklahoma and putting an unspecified number of stores up for sale.
- These moves come less than a year after Homeland reportedly closed several stores in Oklahoma and just four months after the grocer’s parent company appointed a new chief executive.
Dive Insight:
The store moves come a few months after Frank Archer became president and CEO of HAC, Inc., the parent company of the Homeland, United Supermarkets and CashSaver banners. Archer joined HAC in December after nearly a decade as the CEO of Midwest grocer Woods Supermarket, according to his LinkedIn profile.
In the Facebook post, Homeland said it “worked hard to keep [the stores] open as long as possible” but ultimately decided that the store updates would help to build a stronger foundation for the company’s future.
Homeland is shuttering two name-brand stores in Norman, a Homeland store in Edmond and a CashSaver in Lawton…