COLONIE — The Sears at Colonie Center is going out of business, the company announced Thursday.
The move makes it the latest casualty in the retailer’s continued shuttering of stores.
The Central Avenue store will officially close in mid-September, and a liquidation sale will begin on June 30, according to a statement from Sears Holdings. The number of employees to lose their jobs in Colonie is not publicly available, the company said, but those eligible will receive severance and will have the opportunity to apply for positions at other Sears stores.
“We have been strategically and aggressively evaluating our store space and productivity and have accelerated the closing of unprofitable stores, as previously announced,” the company said.
The Sears at Colonie Center was an anchor of the shopping mall for decades. Sears Holdings announced earlier this year it would close 108 Kmart stores and 42 Sears locations by April, but no New York stores were on that list.
The Sears at ViaPort Rotterdam, formerly Rotterdam Square Mall, closed in August 2016.
Categories: -News-, Business, Schenectady County
