Subscriber login

Business
What you need to know for 04/27/2017

Kmart to close stores in Clifton Park, Latham

Kmart to close stores in Clifton Park, Latham

The Kmart discount department stores in Clifton Park and Latham will close, owner Sears Holdings con

CLIFTON PARK & LATHAM — The Kmart discount department stores in Clifton Park and Latham will close, owner Sears Holdings confirmed on Monday.

The closings, part of a restructuring by Sears Holdings, will eliminate 74 jobs at the Clifton Park store and 61 jobs at the Latham store. Searings Holdings, of Hoffman Estates, Ill., owns more Sears and Kmart stores, both of which have struggled to maintain in-store sales in recent years.

The closings are schedule for mid-May, according to Sears Holdings spokesman Howard Reifs. "Until then, the stores will remain open for customers," Reifs said in an email.

The Kmart store at Rotterdam Square Mall is not impacted by the closing plan, he said.

The closing stores will begin their liquidation sales on Feb. 23.

He said the stores are being closed because their leases were not renewed.

"The closures are part of a series of actions we’re taking to reduce on-going expenses, adjust our asset base, and accelerate the transformation of our business model," Reifs said. "These actions will better enable us to focus our investments on serving our customers and members through integrated retail -- at the store, online and in the home.

Concerning the 135 jobs being eliminated between the two stores, Reifs said associates that are eligible will receive severance pay, and have the opportunity to apply for open positions at other area Sears or Kmart stores. Most of the work force are part time/hourly employees.

View Comments
Hide Comments
You have 0 articles 1 articles 2 articles 3 articles 4 articles 5 articles 6 articles 7 articles remaining of Daily Gazette free premium content.

You have reached your monthly premium content limit.

Continue to enjoy Daily Gazette premium content by becoming a subscriber.
Already a subscriber? Log In