The nearly century-old Spector’s Clothing will close its store in Colonie Center by the end of March.
Owner Robert Kayne, 62, cited the “difficult business environment” as one of the reasons he’s closing the business, which employs about 10 people. At its height, it boasted 35 employees.
“It’s time for me to retire,” he said. “It’s been difficult for a number of years now.”
Spector’s sold fine men’s clothing, shoes and accessories, offered tuxedo rentals and had a custom tailor shop. Kayne’s grandparents, Harvey and Irene Spector, founded the business in downtown Albany in 1917. His parents, Harvey and Mildred Kayne, and his brother-in-law ran the business for a number of years.
Kayne has worked at the store for more than 40 years and has run the place for the last 25 years.
In 2002, Kayne decided to move the business from Central Avenue in Albany to Colonie Center.
Since then, Spector’s has occupied three different locations in the mall. The lease for its current space is up in March.
“Things have wound down over here the last few years,” said Kayne. “There are lots of reasons for us to leave the business. I hope to retire.”
Spector’s is running a going-out-of-business sale. All items in the store are priced at 50 percent to 80 percent off.