Liberty House has abandoned its plans to explore subleasing its Waikiki store to other retailers more oriented to visitors.
Late last year the company said it believed it could have obtained higher profits by subleasing its 40,000-square-foot space at the Waiiiki Beachcomber Hotel on Kalakaua Avenue than operating its own store at the site. But in a court hearing yesterday, the retailer decided to call off plans.
Liberty House made its decision after the judge in its bankruptcy case indicated at a hearing Thursday that he was inclined to deny the retailers motion to move ahead with the Waikiki plans.
"For right now our Waikiki plans are terminated," said John Monahan, Liberty House president. "We decided not to pursue Waikiki at this time, and I cant say well pick up those plans in the future."
[back to top]