The new owner of discount clothing retailer Steve & Barry's said the recently opened superstore at Waikele Center won't be among roughly 100 stores to be closed as part of a turnaround plan for the ailing chain.

The Waikele Steve & Barry's, which opened in April in a 24,000-square-foot space formerly occupied by CompUSA, was part of an aggressive expansion that in part led to the retailer's bankruptcy as some stores were opened in less than ideal locations.

BHY Holdings LLC, an affiliate of investment firms Bay Harbour Management and York Capital Management that bought Steve & Barry's last month after the company filed for Chapter 11 protection, plans to shrink the chain from 276 stores to about 170 stores under a plan to return the company to profitability.