Grocery Chain HAC Inc. Closes five stores in Oklahoma and Georgia
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Famous southern grocery chain As the industry faces growing challenges as competition increases, costs increase and consumer preferences change, it has closed some of its locations due to poor financial performance.
Homeland Acquisition Corp. (HAC) Inc has a significant presence in Oklahoma, Texas and Georgia. confirmed to Fox Business that it has closed its Oklahoma home town, United Supermarket and discount food banners. The store is scheduled to close by August 16th.
According to the Daily Mail, one of the magical pig locations in Gordon, Georgia will also be closed.
Homeland Acquisition Corp. Inc. has a major presence in Oklahoma, Texas and Georgia. (Betty Laru / Aramie / Aramie)
Headquartered in Oklahoma City, HAC Inc. operates 80 grocery stores under several well-known banners, including Food World, Piggly Wiggly, United, Cashsaver and Homeland.
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Homeland is the company’s biggest flag and the largest locally owned grocery store chain in Oklahoma, with 36 locations throughout the state.
Christine King, the hometown director of marketing and public relations, told Oklahoman the store. Financial Performance He was the driver behind the decision.
“Closing these stores will allow us to focus on the biggest opportunities to really strengthen our organization by enhancing other communities, growing our communities and focusing our resources on those areas,” King said.
Headquartered in Oklahoma City, HAC Inc. operates 80 grocery stores under several well-known banners. (nbae by Getty Images) / Getty Images)
Closures are happening as traditional supermarkets have lost the ground for years, especially at large merchandisers, club stores, discounts and specialized grocery stores, as traditional supermarkets have lost the ground for years, according to Arun Sundaram, vice president and senior equity analyst at CFRA Research.
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“High inflation, changing consumer habits, increasing competition and new entrants are part of the reasons why the competitive landscape has changed,” Sundaram told Fox Business.
Kroger Grocery Store in Dallas on Wednesday, February 21st, 2024. (Photographer: Getty Images / Shelby Tauber via Getty Images / Bloomberg)
According to Sundalam, this is one of the reasons why the two supermarket giants Kroger and the Albertsons were about to merge, saying the combined entities would become more formidable competitors for companies like Walmart, Costco and Amazon.
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Federal judge Blocked proposed $25 billion merger In December 2024, we agreed to the Federal Trade Commission that the deal would undermine competition in the grocery industry.
With the merger turned off, even Kroger and the Albertsons “will keep up with the closure of stores that were suspended during the merger process,” Sundalam said.
For example, Kroger last month announced in its first quarter revenue report for 2025 that it would close 60 stores next year to make the company “efficient.”
However, he added that Kroger and Albertsons are still opening new stores in a faster, growing market.