Sears Holding Corp. plans to continue shrinking its footprint in the Capital Region by closing a Kmart department store on Glenmont Road.
Kmart, which is owned by the Hoffman Estates, Ill.-based Sears, told the state Department of Labor Monday it will lay off 90 workers March 15. The layoffs will come two weeks before the store’s scheduled closing.
The Kmart closing will come on the heels of U.S. retailers’ worst holiday shopping season in four decades. Sears last week posted sales results for the five-week period ending Jan. 3. During that period, Kmart’s sales slipped 1.1 percent while the flagship chain slumped 12.8 percent.
The Illinois retailer in 2006 closed a Kmart on Route 50 in Glenville. That year it also closed Sears Hardware stores in Schenectady and Amsterdam.