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Homeland Acquisition to Close Five Grocery Stores in Oklahoma and Georgia

Homeland Acquisition will shutter the outlets on August 16 to focus investment on stronger performing markets.

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Overview

  • The five stores set to close on August 16 include locations in Pauls Valley, Jay, Kingfisher and Ponca City in Oklahoma and Gordon in Georgia.
  • The shutdowns are expected to affect about 85 employees across the five underperforming supermarkets.
  • Christin King, director of marketing and public relations, said the decision reflects weak financial returns and limited long-term growth potential at those sites.
  • Homeland operates roughly 80 supermarkets across Oklahoma, Texas and Georgia under banners such as CashSaver, Discount Foods, Food World, Piggly Wiggly and United Supermarkets.
  • Management plans to reallocate capital and personnel to higher-potential markets in response to intensifying competition from large one-stop retail chains.