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TheStreet Open House

Kmart® First To Introduce Free Layaway Online And In-Store

Stocks in this article: SHLD

HOFFMAN ESTATES, Ill., Sept. 7, 2012 /PRNewswire/ -- Kmart® today announced it will be removing its layaway service fee* both online and in-store starting September 7 th through November 17 th.  Kmart's free layaway emphasizes the company's commitment to delivering value and convenience to customers, acknowledging family budgets are strained during the holiday.

"At Kmart, we understand the excitement holidays bring, and the budget concerns that come with them," said Jai Holtz, vice president, financial services, Sears Holdings. "By providing free layaway we want to help make holiday shopping less stressful."

Customers don't have to wait until the holiday season to take advantage of layaway – Kmart is the only mass retailer to offer the program 365 days a year, nationwide. There's no minimum transaction amount and customers can lock in today's low prices on a full range of merchandise including apparel, toys, electronics, jewelry and more.

With programs like layaway and a full range of credit solutions available, Kmart continues to respond to consumer needs.  These programs give customers the flexibility to shop any way they prefer, whether in-store or from the comfort of their own homes. 

About Kmart Kmart, a wholly owned subsidiary of Sears Holdings Corporation (NASDAQ: SHLD), is a mass merchandising company and part of ShopYourWay, a social shopping experience where members have the ability to earn points and receive benefits across a wide variety of physical and digital formats through ShopYourWay.com.  Kmart offers customers quality products through a portfolio of exclusive brands that include Sofia by Sofia Vergara, Jaclyn Smith, Joe Boxer, Route 66 and Smart Sense. For more information visit the company's website at www.kmart.com |Sears Holdings Corporation website at www.searsholdings.com.| Facebook: www.facebook.com/kmart

*Cancellation fees apply.  Offer valid on new Kmart layaway purchases made on 9/7/2012 through 11/17/2012. Requires down payment and biweekly payments. Free Layaway promotion will waive $5 service fee on an 8 week contract and $10 service fee on a 12 week contract only on contracts initiated in-store on 9/7/2012 through 11/17/2012.  All fees nonrefundable.  Not available at all Kmart stores.  12 week layaway option available on purchases of $300 or more. Exclusions apply, see store for details.

MEDIA CONTACTS:  Shannelle Armstrong-Fowler Sears Holdings Corporation (847) 286-0715 shannelle.armstrong@searshc.com

SOURCE Kmart

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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