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The Honolulu Advertiser
Posted on: Friday, July 18, 2008

STARBUCCKS
Five Starbucks in Hawaii scheduled to close down

Advertiser Staff

Hawaii news photo - The Honolulu Advertiser
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Starbucks Corp. will be closing five of its Hawai'i locations as part of the company's plans to shutter 600 company-owned stores.

The company, which operated 84 stores here at the end of June, said it will close three sites in Honolulu and one each on Maui and the Big Island. The Honolulu stores on Sand Island Access road, at the Hokua residential condominium at 1200 Ala Moana, and one of the three Starbucks at Ward Centers will shut down.

On Maui, the Starbucks at the Maui Marketplace at 270 Dairy Road is also being closed, as is a location at Hilo's Waiakea Center.

Starbucks this month announced it would terminate operations at 600 stores over the next year as it looked to cut costs at underperforming locations. The company is closing stores that aren't profitable and aren't projected to be profitable in the near future.

About 70 percent of those slated for closure opened after the beginning of 2006.

Yesterday, Starbucks posted a notice on its Web site listing the affected stores. It said the closures would start this month and that affected employees have been notified.

The coffee chain has been in Hawai'i for more than a decade, first appearing here in 1977 under a licensing agreement with a local company affiliated with the MacNaugton Group development firm.

More than 50 of the stores were opened here before Starbucks bought back the stores in 2006.