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Rensselaer Kmart closing

RENSSELAER -- Kmart's corporate offices confirm that the Rensselaer store will be closing to the public in early June.

The store will begin its liquidation sale on April 3. Kmart says the store is being closed because the lease was not renewed, and store closures are part of a series of actions the company is taking to reduce expenses and transform their business model.

According to the company's statement on the closing, this location has 70 employees, most of whom are part time or hourly employees. They say the employees who are eligible will receive severance and have the opportunity to apply for other positions at area Sears or Kmart stores.