Business Briefs

Reported by Star-Bulletin staff & wire

Friday, June 14, 1996

Discount food store opens
at Waianae Mall

CFI Grocery Outlets Inc., a large mainland discount food company, on Friday opened its first outlet in Hawaii at the Waianae Mall under the name Waianae Grocery Outlet.

The company, based in Berkeley, Calif., supplies 109 locally owned outlets in eight Western states.

Glenn and Rosella Nakamura own the 20,000-square-foot Waianae store.

"It's the perfect opportunity for us. Bigway (market) wanted out of its lease and we took over that space," Glenn Nakamura said.

The store offers nonperishable goods that are purchased in bulk from national food companies. These are excess inventory and discontinued items, Nakamura said.

CFI was started 25 years ago in the San Francisco Bay area.


Boyd Gaming executive:
Share price to slip

ATLANTIC CITY, N.J. - Boyd Gaming Corp.'s chief financial officer, Ellis Landau, said the company expects to earn 77 cents a share in fiscal 1996 and 90 cents a share in 1997, including its planned acquisition of Par-A-Dice Gaming Corp.

The Las Vegas casino company was expected to earn 80 cents a share in the fiscal year ending June 30 and $1 in 1997, according to analysts.

Boyd shares were 37 cents higher at $17 at closing on Friday on the New York Stock Exchange.

In April, Boyd agreed to pay $175 million for Par-A-Dice, which owns and operates an Illinois riverboat. The acquisition has yet to be completed.

Boyd owns and operates casino entertainment properties in four states. Its operations in downtown Las Vegas, the California Hotel and Casino and the Fremont Hotel and Casino, are known for catering to Hawaii residents.


For more local, national and international business news,
see the Hawaii Inc. section in today's Honolulu Star-Bulletin.



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