Mainland chains close isle locations ...

Mainland chains close isle locations - Business

There are 27 comments on the Honolulu Star-Bulletin story from Jan 13, 2009, titled Mainland chains close isle locations - Business. In it, Honolulu Star-Bulletin reports that:

Several shops have closed around Hawaii as sales numbers from the holiday season are tallied.

Join the discussion below, or Read more at Honolulu Star-Bulletin.

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Earl

Elgin, AZ

#1 Jan 13, 2009
Things must be getting bad when Star Bucks closes at the Border's book store used to go there when I was in Honolulu ! Good coffee but no where as enjoyable as Lion's coffee near the Ward Ave. Center .
macuu222

Honolulu, HI

#2 Jan 13, 2009
They are going to be replaced by Seattle's Best coffee shops which has a majority of coffee shops in Borders Books nationwide.
Willy

Portland, OR

#3 Jan 13, 2009
"Retail analyst Stephany Sofos said she was surprised by the closings."

I hope the companies that this "analyst" was advising wise up and look for someone that actually has a clue as to what's going on. Every retail analyst with half a brain knows that these type of businesses that depend on consumer discretionary spending are being hit the hardest during this economic downturn.

The fact that this came a surprise to Stephany tells me that she needs to return her cereal box "retail analyst" certificate back to Kelloggs and look for a new line of work.
get real

Dallas, TX

#4 Jan 13, 2009
Retail analyst, stock analyst, real estate analyst, etc are some of the dumbest people on this planet. Or atleast the ones that show up on the SB are.
lova

Honolulu, HI

#5 Jan 13, 2009
macuu222 wrote:
They are going to be replaced by Seattle's Best coffee shops which has a majority of coffee shops in Borders Books nationwide.
Good point, this story is somewhat misleading because Starbuck's is the parent company of Seattle's Best. Since 2003-2004 Border's signed a contract to convert all Strabucks into Seattle's Best. The fact of the matter is Hawaii Borders Books are only now converting the store.

“s'up”

Since: Sep 07

Davis, CA now King City, CA

#6 Jan 13, 2009
macuu222 wrote:
They are going to be replaced by Seattle's Best coffee shops which has a majority of coffee shops in Borders Books nationwide.
SBC is owned by Starbucks. No big deal really except that SBC includes little chocolate sticks with their mochas.:)
Glenn

Honolulu, HI

#7 Jan 13, 2009
In Kahului, there is already another Starbucks in the same shopping center as the Borders books
Cat Manapua

Saint George, UT

#8 Jan 13, 2009
"Retail analyst Stephany Sofos said she was surprised by the closings."

They call on this hack every time they need a quote. She doesn't do anything and has no real job other than providing quotes. What we used to call:

"A very keen observer of obvious stuff."

Give the fat old broad a break.
Bernard

San Diego, CA

#9 Jan 13, 2009
I'll take Mcdonald's coffee any day of the week. It has a nice bouquet; it's reasonably priced and there isn't some pretensious barista grubbing for a handout.
Fact of the matter

Huntington Beach, CA

#10 Jan 13, 2009
It is too bad to Ben and Jerry close. I remember back in 2006, I had spent 4 months writing a business plan for an individual who wanted to get into the ice cream/deli business in the Ward area. When we contacted General Growth about a ground floor occupancy but they weren't interested because they wanted a higher profile occupant. Well, General Growth, so much for your high profile occupant. I just took a quick look at Gen Growth situation as well and I definitely see no roses in sight anytime soon. As I just mentioned to one of your manager in Chicago not too long ago, I hope your fire sale is going on well. I notice there were several interested parties but interest is all that it is currently generating!!! According to your asking price, those interested believe that it is not at the level of a fire sale yet.
Kimo

Honolulu, HI

#11 Jan 13, 2009
Most of these closures were a result of the Great Banking Fraud and it's related lending practices--driven by "Wall Street" to hid a mythical number of units in the alleged expansion of a Store Chain! The theory was--"more is better!" Wall Street Broker's could then project greater volumes of merchandise sales, albeit--there was never a real market for that many stores! Investor's then bought in to the this mythical volume of sales and presumed that "profits" would then
expand exponentially... Guess what?!
"The King" was wearing no clothes!
This is how Wall Street Brokers and Corporate CEO'S/CFO'S--recieved large loans and couldn't service the debt and caused the crash of the American economy! It was all a Sham (..and, not even a "Shamwow!" The multiplication of stores--did not, in fact, increase the multiplication of profits; but the costs of running these additional stores did, in fact, increase. It's like any other "PONZI/PYRAMID SCHEME!" No difference, really..!
Kimo

Honolulu, HI

#12 Jan 13, 2009
Cat Manapua wrote:
"Retail analyst Stephany Sofos said she was surprised by the closings."
They call on this hack every time they need a quote. She doesn't do anything and has no real job other than providing quotes. What we used to call:
"A very keen observer of obvious stuff."
Give the fat old broad a break.
..and, Depalatory Cream for her mustache!
alice

Honolulu, HI

#13 Jan 13, 2009
Businesses are closing faster now and the worst is yet to come. None of the local businbess or poltiical folks know the time of day.
Cat Manapua

Saint George, UT

#14 Jan 13, 2009
Here is the scary part, guys. General Growth is still pushing for appriavl of its Kaka'ako development plan for the Ward properties.

Why is that scary, Cat?

1) Their plan if approved does not require an EIS.

2) They are bankrupt, effectively.

3) If their plan is approved, they can sell the property with the approval (no EIS) in place. Big $$$.

4)The buyer can wait 1,5,10,20,50 years and then do the General Growth development with absolutely, positively no environmental study precedent.

You know, like the Turtle Bay deal and its 25 year old environmental study waiver.

Scary if you care about Hawaii.

Cat done schooled ya. Be vigilant.
alice

Honolulu, HI

#15 Jan 13, 2009
true..cat is rigfht. In fact the CEO was fired on the mainalnd for fraud! Too bad the old company Victoria Ward sold out to growth.
kimo

Honolulu, HI

#16 Jan 14, 2009
Cat, GG has admitted: ALLL this area. EVERYthing we own. WILL be razed and developed sku HIGH!

be afraid. be very....etc.
visitor

United States

#17 Jan 14, 2009
All this and tourism is down. Wow. We are annual tourist who come for several months each year, but because of the economy and conditions in Oahu, we will vacation on the mainland now. WE decided that we have had enough of the homeless problems, over priced restaurants, etc. We remember with fondness, a much less commercialized Oahu. We had so much more relaxation without all the Tiffany type stores. I mean, really, who really goes shopping there? We didn't see any tourists going in there. How about the high level floors at Ala Moana. My goodness, handbags in glass drawer that cost 1,000 and more! Hawaii will always hold a special place in our hearts, but it is now a memory of better times...when old Hawaii still lived. You should have been there..you could sip on Mai Thais, and hear the waves..not the traffic..just a light little tinkling of wonderful hawaiian music. It was wonderful.
Earl

United States

#18 Jan 14, 2009
Bernard wrote:
I'll take Mcdonald's coffee any day of the week. It has a nice bouquet; it's reasonably priced and there isn't some pretensious barista grubbing for a handout.
Check out the coffee at the ABC stores their Kona coffee is very good .
Stphany Sofos

Wailuku, HI

#19 Jan 28, 2009
What right do you have to disrespect me you are ignorant of the information presented for the past year...the data showed the retailers had strong financials...while it is true we are in stressed economic times; it is surprising that these retailers "bellied up" so quickly...so the public information given was either bogus or not complete...Before you rip someone a new butt, learn the entire information...you are the ignorant one..
Willy wrote:
"Retail analyst Stephany Sofos said she was surprised by the closings."
I hope the companies that this "analyst" was advising wise up and look for someone that actually has a clue as to what's going on. Every retail analyst with half a brain knows that these type of businesses that depend on consumer discretionary spending are being hit the hardest during this economic downturn.
The fact that this came a surprise to Stephany tells me that she needs to return her cereal box "retail analyst" certificate back to Kelloggs and look for a new line of work.
Stphany Sofos

Wailuku, HI

#20 Jan 28, 2009
You are ignorant and disrespectful...for your information I have been a commercial real estate broker, consultant, and appraiser for over 30 years...now if you read ALL the information presented on the retailers mentioned, you would have been surprised to see them "belly up" so quickly...you sit there and rip me, but you are too lazy to find out all the facts..you are a piece of work yourself...

Read everything first before you shoot your mouth off again...
Kimo wrote:
<quoted text>
..and, Depalatory Cream for her mustache!

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