Colonie K-Mart closing

Posted at: 10/14/2013 1:51 PM
Updated at: 10/14/2013 2:14 PM
By: Jessica Riley

COLONIE - K-mart on Central Avenue and Route 155 in Colonie will close by the end of the year.

The store started liquidating its merchandise at the end of September. It expects to close its doors in mid-December.

The Colonie store has 72 employees who will have an opportunity to apply for positions at other Kmart and Sears stores.

An official from the store’s parent company, Sears, released a formal announcement Monday afternoon. He says the move comes as an on-going effort to reduce costs and transform the business model of the company.