The Kingston Future Shop store on Gardiners Road is to close.

The company announced Monday afternoon that the closure is to be effective Thursday.

"The lease at our Kingston Future Shop store is expiring and we have made the decision not to renew the lease," company spokesperson Elliott Chun said in an email.

"The store will close permanently, effective end of day Jan. 29, 2015. We will continue to serve our customers at the Best Buy Kingston store, located across the parking lot at 770 Gardiners Rd."

Best Buy bought Future Shop for $580 million in 2011.

It’s been a tough month for Canadian retail as several companies announced plans to close some or all of their Canadian operations, including Target, Sony, Mexx, Smart Set, Jacob, Sears and Holt Renfrew.

The closure of 133 Target stores, including the Kingston store, affects more than 17,000 workers.

Chun said employees from Future Shop will be given priority when they apply for jobs at Best Buy.

"Our goal is to keep as many of the employees as we can," he said.

"Regular full-time and part-time employees who do not secure a position at another location will be paid severance in accordance with provincial legislation."

Chun said the company would offer outplacement support, additional services through its Employee Assistance Program (EAP) and career workshops to help employees affected by the closure.

On Saturday, the company announced plans to close its store in Regina. That store closed Monday, also because its lease expired.

elliot.ferguson@sunmedia.ca