| Business Summary | | Homeland
Holding
Corp.
is
a
supermarket
chain
in
the
Oklahoma,
southern
Kansas
and
Texas
Panhandle
region.
As
of
December
30,
2000,
the
Company
operated
85
stores.
The
Company
provides
a
wide
selection
of
name-brand
and
private
label
products
to
its
customers.
All
stores
carry
a
full
line
of
meat,
dairy,
produce,
frozen
food,
health
and
beauty
care
and
selected
general
merchandise.
As
of
the
close
of
fiscal
year
2000,
approximately
82%
of
the
Company's
stores
had
service
delicatessens
and/or
bakeries,
and
approximately
61%
had
in-store
pharmacies.
Some
stores
provide
additional
specialty
departments
that
offer
ethnic
food,
fresh
and
frozen
seafood,
floral
services
and
salad
bars.
As
a
result
of
its
supply
relationship
with
AWG,
Homeland's
stores
also
offer
AWG
private
label
goods,
including
Best
Choicer
and
Always
Saver.
In
August
2001,
the
Company,
along
with
its
parent,
Homeland
Holding
Corp.,
filed
for
reorganization
under
Chapter
11
of
the
United
States
Bankruptcy
Code. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Homeland
Holding
Corporation,
through
its
subsidiaries,
operates
a
chain
of
supermarkets
in
the
OK,
southern
KS
and
Texas
Panhandle
region.
For
the
24
weeks
ended
6/16/01,
net
sales
fell
11%
to
$248.9
million.
Net
loss
totaled
$2.7
million
vs.
an
income
of
$447
thousand.
Revenues
reflect
the
closing
of
seven
stores
and
lower
comparable
store
sales
due
to
increased
competition.
Net
loss
also
reflects
a
$1.7
million
charge
for
goodwill
impairment. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| John Shields, 57 Chairman | -- | David Clark, 48 Pres
and CEO | $320K | Wayne Peterson, 43 CFO,
Sr. VP-Fin., Sec. | 164K | John Rocker, 46 VP
of Operations | 139K | Deborah Brown, 40 VP,
Corp. Controller, Treasurer and Assistant Sec. | 94K | Dollar
amounts are as of 30-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|