After four years on Broadway, the luxury handbag store of Greek origin, KEM, will close at the end of November.

Franchise owner Richard Maré said the shop has seen a shift in its customer demographic in recent months. What used to be a fair mixture of local and out-of-town customers is now primarily shoppers from New York City, Long Island and Boston, all looking for specialty and high-end bags, wallets and accessories while visiting Saratoga.

“We have a handful of local customers,” he said, but “we haven’t seen a big jump in new clients.”

Catalog, online and phone sales account for a large portion of the company’s business as well.

Maré said he plans to stay on with the company, by either relocating the store in the area or opening as a small boutique within an already established business.

KEM was established in 1985 in Athens and crossed the Atlantic 20 years later, with shops in Melbourne, Fla., and South Beach, Fla., in addition to the Saratoga location.

The space at 382 Broadway is currently for rent.