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Tuesday, January 25, 2011

TradingMarkets.com-article

January 25, 2011


Business Briefs


Jan 25, 2011 (The Honolulu Star-Advertiser - McClatchy-Tribune Information Services via COMTEX) --
Don Quijote store in Kailua to close

Don Quijote USA Co. Ltd. is closing its Kailua store on Feb. 5 to make way for a Target Corp. store.

The closure of its 345 Hahani St. location will affect more than 100 employees, according to a store supervisor, who said the company is transferring items to its stores in Waipahu, Ala Moana and Pearl City.

The location was previously Daiei and, before that, Holiday Mart.

Target has come under fire from some Kailua residents opposed to a big-box retailer in the beachside town.

Target plans to invest $40 million to build what would be its fifth Hawaii store. The Minneapolis-based retailer has acquired the lease on the land to build a 130,000-square-foot store scheduled to open in July 2012.

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