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Business
What you need to know for 01/23/2017

Kmart in Colonie to close

Kmart in Colonie to close

The Kmart store on Central Avenue in Colonie will close in mid-December after its lease was not rene

The Kmart store on Central Avenue in Colonie will close in mid-December after its lease was not renewed, company officials said.

The store at 1060 Central Ave. began its liquidation sale Sept. 29. It has 72 employees. They will have an opportunity to apply for positions at other Kmart and Sears stores.

The closure is part of a series of moves by the company to reduce expenses and speed changing of its business model, the company said in a news release.

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