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Article: Mall makeover: three Neighbor Island shopping centers receive much-needed facelifts. (Industry Focus: Neighbor Island Real Estate).(smaller shopping centers)
- Article from:
- Hawaii Business
- Article date:
- April 1, 2003
- Author:
CopyrightCOPYRIGHT 2003 Hawaii Business Publishing Co. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Stephany Sofos can remember when Neighbor Island retail wasn't such a dog-eat-dog industry. The local real estate consultant recalls, "In the old days, if you built it, customers would come."
Today's Neighbor Island consumers, whether tourist or resident, are much more discerning. That's mainly because they now enjoy more retail options. Luxury shoppers can head to Wailea or Waikoloa for brand-name buys. Consumers with slimmer pocketbooks can choose from several discount and big-box retailers, including Kmart, Wal-Mart and Home Depot -- most of which have set up shop on Maui, the Big Island and Kauai in recent years.
"There's so much new retail that ...