HOMELAND SALES SLIP 3% IN QUARTER

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 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

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