ALBANY, N.Y. - The Kmart store on Central Avenue in Albany has announced they will be closing in mid-December.
Kmart, located at 1860 Central Avenue, began its liquidation sale on September 29th.
The store has 72 employees, who will have an opportunity to apply for positions at other Kmart and Sears stores.
The store, owned by Sears Holdings, is being closed because the lease was not renewed. The corporation says store closures are part of a series of actions we're taking to reduce on-going expenses.
Car-max, a large chain of used-car dealerships is looking to take over the site. If approved, the chain would not only knock down the Kmart building, but the nearby Burger King, as well.
Colonie says the company
will present its vision for the site, at the town planning board meeting on Wednesday night.