MADILL, Okla. -- A well-known family owned grocery store in Marshall County is closing its doors. The Homeland Company has purchased the Thrifty Grocery Store in Madill. Owners say they are unable to compete with big competitors coming to town.
After 30 years in business, the owners of Thrifty say since Wal-Mart could be moving into the neighborhood anytime soon, it’s better to sell the family business now rather than wait to be put out of business.
"As a matter of Wal-Mart coming into town, we figured with a merger of two companies we would have a fighting chance standing against them," Thrifty Grocery co-manager James Christie says.
That is the reason why owners of Thrifty decided to sell their family owned grocery store to Homeland, fearing that competition from national giant Wal-Mart would put their store out of business.
This sale will make Homeland the only grocery store in Madill until Wal-Mart moves in, which doesn’t settle too well with some long-time Thrifty shoppers.
The big question remains: when is Wal-Mart actually coming to Marshall County?
Officials at the Marshall County Chamber Of Commerce say Wal-Mart officials have not said when that move is set to happen.
"They had put out for an abstract order on this parcel of land south of town. That’s the last we've been told," Marshall County Chamber of Commerce director Jeff Hudson says.
In the end, Thrifty store owners believe it's better to bow out than try to compete with the big boys.
There is good new for Thrifty employees. As part of the purchase deal, all 50 employees will work for Homeland.
Thrifty will close its doors March 26.