OKLAHOMA CITY -- Homeland Stores here said increased competitive activity contributed to a 3.2% sales decline in the first quarter ended March 26.
inary charge of $3.9 million related to debt redemption.
Homeland, as reported, has hired outside advisers to assist with the sale of "all or a substantial portion" of its operations. Observers said the retailer needs financing to fund its expansion outside Oklahoma.
In the recent quarter, Homeland reported sales of $184.8