Kmart to offer Free Layaway this fall

Paying Bills - BSN

(Best Syndication News) - Kmart announced that they will offer free layaway plans for customers both online and at their stores between September 7 and November 17, 2012. The layaway fee of $5 for their 8-week contract will be waived. The $10 fee for the 12-week contract will not be charged either.

If the customer cancels before the contract is up, there is a cancellation fee. The customer is also required to make bi-weekly payments that are outlined in the contract. The free layaway is a promotion and the contract has to start between the specified times. Some Kmart stores do not offer layaway.

To qualify for the 12-week layaway option the customer must have purchases totaling $300 or more.

Kmart wants to make holiday shopping easier for consumers this year. This prompted the change in their layaway offerings. Kmart does offer layaway year round, and are the only mass retailer to do so nationwide. Their layaway program requires no minimum to participate.

Kmart is a wholly owned subsidiary of Sears Holdings Corporation (NASDAQ: SHLD).

By: Dave Reddy

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