SUPERMARKET chain closes eight stores in Oklahoma, Texas
Wednesday, September 5th 2001, 12:00 am
By: News On 6
OKLAHOMA CITY (AP) _ Homeland Holding Inc. announced plans Tuesday to close eight underperforming supermarkets in Oklahoma and Texas.
The Oklahoma City-based chain in early August filed for Chapter 11 protection from creditors to reorganize its finances.
Four stores will close in Oklahoma City, two in Muskogee, one in Lawton and one in Amarillo, Texas.
``The stores being closed experienced sales and profitability results significantly below our expectations,'' said David B. Clark, Homeland's president and chief executive.